The relationship that exists between business organizations, government of the nation and the society could be said to be symbiotic in the sense that all exists for one and none can exist without the other and this has developed throughout human existence. The aim of business now is not that of profit making alone, but satisfying other stakeholders and ensuring sustainable development. In the same vein, government does not just regulate business alone but has found itself a player in the market just as business influences government in its regulation through pressure groups and opinion molders.
A look at the input-output relationship shows that business relies heavily on the society to provide the inputs needed for its operation ranging from human and material resources to the capital needed for survival of the business. Business needs the society to consume its goods and services, serve as labour force, and help fight its cause when needed; while society benefits from business in the supply of its needs in terms of goods and services, employment opportunities, and the preservation of the environment. Society is organized, protected, and enriched by business and governmental entities. Government on the other hand provides the enabling environment and regulates the economy to ensure that business organizations conform to the rules of the game. Government is largely funded by taxes collected from business firms, and relies on society to maintain legitimacy and, in democracies, foster public opinion to direct its policies. Since all three have grown to be so interconnected and interdependent on each other in our global society, when one component fails or experiences a major change, the other two must respond. Generally, the sustainability and stakeholder concept is yet to have a solid root in the Nigerian scene. Findings show that ethical and moral consideration is still at its lowest ebb, as corruption, falsification and manipulation of accounts is on the increase.