Abstract
Roles and responsibilities of the business community towards society are underexplored and least understood by the business community as well as by the society in general. In the absence of any guideline on the societal
responsibilities of the business community in Bhutan, an intellectual gap possibly exists between the ideology of Gross National Happiness and the roles of the business community. Thus, this review explores the tangible
societal responsibilities of the business community. It also discusses the long-established arguments on the roles of business to society beyond profit-making and maximizing its financial well-being. Using keywords such as the business community, well-being, social responsibilities, Buddhist economics, western economies, and sustainable business, 114 articles were retrieved from the web-based resources. The data generated thus were analysed using the constant comparison analysis of QUAL approach. The finding indicates that the societal responsibility of the
business community is an oxymoron conceptually. The paper also addresses the principles of Gross National Happiness as an approach to promoting an active and sustainable business community. However, indepth
research is necessary to understand the roles and responsibilities of the business community in the context of Gross National Happiness.
Metadata
Item Type: | Article |
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Creators: | Creators Email / ID Num. Wangchuk, Dorji UNSPECIFIED Tobgay, Thinley UNSPECIFIED |
Subjects: | B Philosophy. Psychology. Religion > BF Psychology > Affection. Feeling. Emotion H Social Sciences > HN Social history and conditions. Social problems. Social reform > Quality of life |
Divisions: | Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management |
Journal or Publication Title: | Journal of Emerging Economies & Islamic Research |
UiTM Journal Collections: | UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR) |
ISSN: | 2289-2559 |
Volume: | 7 |
Number: | 3 |
Page Range: | pp. 1-16 |
Keywords: | Bhutan, Buddhist economy, GNH, Happiness, Social responsibility, Sustainability, Well-being |
Date: | September 2019 |
URI: | https://ir.uitm.edu.my/id/eprint/32290 |