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Businesses today are experiencing significant transformations due to social forces like technological advancements and globalization. Unlike in the past, society now expects more from businesses, which are viewed as socio-economic institutions rather than mere profit-driven entities. While generating profit remains essential, the understanding of profitability has evolved; goodwill, credibility, and societal confidence are now as valuable as monetary gains. A company's reputation hinges on its customer service and satisfaction, and its long-term survival depends on its ability to act in ways that benefit society.
