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

#money #businesses #responsibilities

The idea that,

besides

making money, enterprises

also

need to have public responsibilities remains a source of controversy

Accept space

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. On the one hand, the efforts of companies to maximise their profits may have some benefits for society as a whole

Accept space

[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

Suggestion

profit

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

Accept space

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

Accept space

water pollution could be controlled. [2] Another reason is that enterprises should help those who are less fortunate, since they have the money to do so

Accept space

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. 290 words

Submitted by thaol4417 on Sun Mar 31 2019

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

Support ideas with relevant, specific examples

Overpopulation of urban areas has led to numerous problems. Identify one or two serious problems and suggest ways that governments and individuals can tackle these problems

Nowadays, some employers think that formal academic qualifications are more important than life experience or personal qualities when they look for new employees. Why is it the case? Is it a positive or negative development?

Some people believe that teenagers should be required to do unpaid community work in their free time. This can benefit teenagers and the community as well. To what extent do you agree or disagree?

In your opinion, what are the advantages and disadvantages of extreme or adventure sports?