The nature of Business, Government and Society (BGS) relations in Sri Lanka is

complex and multifaceted. There are a number of different models that can be used to
understand these relations, each with its own strengths and weaknesses.

One popular model is the triple helix model, which views businesses, government, and
society as three interconnected spheres that interact with each other in a variety of
ways. The triple helix model emphasizes the importance of cooperation and
collaboration between these three spheres in order to achieve common goals.

Another model that can be used to understand BGS relations is the stakeholder model.
The stakeholder model views businesses, government, and society as a set of
stakeholders who have a vested interest in the success of the country. The stakeholder
model emphasizes the importance of managing the relationships between these
stakeholders in order to ensure that everyone's interests are represented.

The mini case you have provided provides some insights into the nature of BGS
relations in Sri Lanka. The case suggests that there is a close relationship between big
businesses and the government, and that this relationship is often characterized by
corruption and cronyism. The case also suggests that big businesses have a significant
influence on government policy, and that this influence is often used to benefit big
businesses at the expense of ordinary Sri Lankans.

The mini case also suggests that there is a growing sense of dissatisfaction with the
current state of BGS relations in Sri Lanka. This dissatisfaction is likely due to the fact
that big businesses and the government are seen as being out of touch with the needs
of ordinary Sri Lankans.

The current state of BGS relations in Sri Lanka is unsustainable. If these relations are
to improve, there needs to be a fundamental change in the way that businesses,
government, and society interact with each other. This change needs to be based on
the principles of cooperation, collaboration, and transparency.

Here are some specific recommendations for how to improve BGS relations in Sri
Lanka:

● Increase transparency and accountability in government. This can be done by

strengthening anti-corruption laws and regulations, and by making government
information more accessible to the public.
● Promote stakeholder engagement. This can be done by creating mechanisms for
businesses, government, and society to work together to develop and implement
 policies that benefit everyone.
● Encourage responsible business practices. This can be done by developing
codes of conduct for businesses, and by providing businesses with incentives to
adopt sustainable and ethical practices.

By implementing these recommendations, Sri Lanka can create a more just and
equitable society where businesses, government, and society can work together to
achieve common goals.

Triple Helix Model

The triple helix model is a conceptual framework that views businesses, government,
and academia as three interconnected spheres that interact with each other in a variety
of ways. The triple helix model was first proposed by Henry Etzkowitz and Loet
Leydesdorff in the early 1990s.

The triple helix model has been used to explain a variety of phenomena, including the
rise of the knowledge economy, the growth of innovation, and the development of new
technologies. The model has also been used to analyze the role of businesses,
government, and academia in economic development.

The triple helix model can be used to understand BGS relations in Sri Lanka. The
model suggests that businesses, government, and academia can work together to
create a more innovative and prosperous society. By working together, these three
spheres can promote economic growth, create jobs, and improve the quality of life for
all Sri Lankans.

Stakeholder Model

The stakeholder model is a conceptual framework that views businesses, government,

and society as a set of stakeholders who have a vested interest in the success of the
country. The stakeholder model was first proposed by R. Edward Freeman in the early
1980s.

The stakeholder model has been used to explain a variety of phenomena, including the
rise of corporate social responsibility, the growth of sustainability, and the development
of new business models. The model has also been used to analyze the role of
businesses, government, and society in economic development.
The stakeholder model can be used to understand BGS relations in Sri Lanka. The
model suggests that businesses, government, and society have a shared interest in the
success of the country. By working together, these three spheres can create a more
prosperous, equitable, and sustainable society for all Sri Lankans.

Recommendations for Improvement

The current state of BGS relations in Sri Lanka is unsustainable. If these relations are
to improve, there needs to be a fundamental change in the way that businesses,
government, and society interact with each other. This change needs to be based on
the principles of cooperation, collaboration, and transparency.

Here are some specific recommendations for how to improve BGS relations in Sri
Lanka:

● Increase transparency and accountability in government. This can be done by

strengthening anti-corruption laws and regulations, and by making government
information more accessible to the public.
● Promote stakeholder