Formation of Co-operatives

As stated earlier, the registration of a co-operative enterprise is compulsory. In order to get a co-operative society registered, an application in the prescribed form must be submitted to the registrar of Co-operative Societies of the State in which the society's registered office is to be situated. Any ten persons above the age of 18 years and having common interest may submit a joint application for being formed into a co-operative society.

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Company Creed or Philosophy

It refers to the guidance evolved by an enterprise to guide the behavior of its staff. It reflects the moral stance of the founder and top management of the company. It serves as a link between the moral values of the company and the ethical standards of society.

Policy Guidelines : Every industry may develop certain ethical guidelines for management decisions and actions in member firms.

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To Improve Public Image

A business unit can develop credibility with the public by responding to the society's demand. Good public opinion is the precondition to the success of any business. Therefore, the antenas of business should remain turned to public opinion.

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Love And Hate

The injunction is: Love everyone. I would be satisfied with a simpler one: Do not hate anyone - neither yourself nor anyone else.

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Physical And Geographical Environment

Business operation have caused considerable changes in ecological balance and natural environment of the country. The application of modern technology in industry, it is argued, leads to rapid economic growth at a huge social cost as measured by the deterioration of physical environment, i.e., air pollution, water pollution, noise pollution, etc. The nature and extent of such costs are being assessed by biologists, ecologists, sociologists and conservationists. A greater emphasis is now being placed on the social responsibilities of business. Now a business enterprise has to calculate net social profitability of its ventures. In this calculation business must consider the physical environment changes such as the existing forest wealth, possibility of artificial rain, exploitation of sea products like fish, the health hazards out of pollution etc.

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