As well as making money, businesses also have social responsibilities. Do you agree or disagree?

The idea that,
besides
making money, enterprises
also
need to have public responsibilities remains a source of controversy. In my opinion,
while
generating profit is the top priority for each company, I agree that they should
also
conduct their business in a socially responsible manner. Written by Ngoc Bach Website: www.ngocbach.com Page 11 On the one hand, the efforts of companies to maximise their
profits
may have some benefits for society as a whole. [1]
Firstly
, the higher the
profits
earned by enterprises, the more taxes they pay to the government.
As a result
, authorities may have more revenue to spend in key fields, including education and health care, which leads to an improvement in the quality of life of the whole community. [2]
Secondly
, by earning huge
profits
companies have the opportunity to grow their business.
For example
, firms could use their capital to expand their production, creating new job opportunities within the community.
On the other hand
, there are strong reasons why businesses should
also
accept that they have social responsibilities. [1] The first reason is that their activities have an effect on the environment. Without controls, production processes may result in serious environmental degradation,
such
as global warming stemming from factory emissions or the irresponsible disposal of industrial waste.
For example
, if factories installed waste treatment systems
instead
of discharging chemical wastes into rivers, water pollution could be controlled. [2] Another reason is that enterprises should help those who are less fortunate
,
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since they have the money to do so.
For example
, big corporations
such
as Unilever and Vinamilk have enhanced their public image through philanthropic actions
such
as providing scholarships and giving charitable donations. In conclusion,
although
I recognise that making
profits
is the fundamental principle of business, I would argue that all businesses should profoundly reflect upon their social responsibilities.
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Structure your answers in logical paragraphs

The easiest way to score well on the IELTS Task 2 writing portion is to structure your writing in a solid essay format.

A strong argument essay structure can be split up into 4 paragraphs, each containing 4 sentences (except the conclusion paragraph, which only contains 3 sentences).

Stick to this essay structure:

  • Paragraph 1 - Introduction
  • Paragraph 2 - First supporting paragraph
  • Paragraph 3 - Second supporting paragraph
  • Paragraph 4 - Conclusion

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Topic Vocabulary:
  • Social responsibilities
  • Corporate social responsibility
  • Ethical behavior
  • Societal impact
  • Stakeholders
  • Profit-driven
  • Public perception
  • Environmental sustainability
  • Community development
  • Human rights
  • Workplace safety
  • Altruism
  • Balanced approach
  • Accountability
  • Consumer loyalty
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