Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay

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 possi...

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Main Authors: Wangchuk, Dorji, Tobgay, Thinley
Format: Article
Language:English
Published: Universiti Teknologi Mara Selangor 2019
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/32290/
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author Wangchuk, Dorji
Tobgay, Thinley
author_facet Wangchuk, Dorji
Tobgay, Thinley
author_sort Wangchuk, Dorji
building UiTM Institutional Repository
collection Online Access
description 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.
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spelling uitm-322902020-07-22T01:36:58Z https://ir.uitm.edu.my/id/eprint/32290/ Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay jeeir Wangchuk, Dorji Tobgay, Thinley Affection. Feeling. Emotion Quality of life 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. Universiti Teknologi Mara Selangor 2019-09 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/32290/1/AJ_DORJI%20WANGCHUK%20JEEIR%20B%2019.pdf Wangchuk, Dorji and Tobgay, Thinley (2019) Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay. (2019) Journal of Emerging Economies and Islamic Research (JEEIR) <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_and_Islamic_Research_=28JEEIR=29.html>, 7 (3). pp. 1-16. ISSN 2289-2559 https://journal.uitm.edu.my/ojs/index.php/JEEIR/
spellingShingle Affection. Feeling. Emotion
Quality of life
Wangchuk, Dorji
Tobgay, Thinley
Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay
title Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay
title_full Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay
title_fullStr Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay
title_full_unstemmed Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay
title_short Who should be responsible for our general well-being? A Gross National Happiness approach to promoting a responsive and sustainable business community / Dorji Wangchuk and Thinley Tobgay
title_sort who should be responsible for our general well-being? a gross national happiness approach to promoting a responsive and sustainable business community / dorji wangchuk and thinley tobgay
topic Affection. Feeling. Emotion
Quality of life
url https://ir.uitm.edu.my/id/eprint/32290/
https://ir.uitm.edu.my/id/eprint/32290/