As well as making money, businesses also have social responsibilities.

It is sometimes argued that businesses have many important responsibilities towards societal issues along with making

money

. I completely agree with

this

notion that corporations should be working on tackling

socio-economic

involving social as well as economic factors

socioeconomic

problems and should not only concentrate on making

money

. Corporations have always been inclined towards making

money

. It is true that the

money

driven approaches are fundamentally important to gain financial success. If companies or associates do not work hard to increase profitability, they would not be able to compete in the market in terms of providing more and more employment facility to people, and eventually to help eradicate poverty.

In addition

, without earning enough

money

, businesses cannot even invest in raising social values.

However

, corporations should have a duty to

fulfill

put in effect

fulfil

societal needs

instead

of solely striving for more and more

money

. Social responsibilities mean tackling the global challenges. These most pressing issues include climate change, poverty, inequity and resources or water scarcity. Take Unilever, a pharmaceutical multinational company, as an example-

this

high-profile organization has had a profound record of giving medical or other financial aid to the most deprived people of developing countries.

As a result

of these holistic and intensive social measures they are becoming increasingly successful in managing and solving poverty and health related problems in respective impoverished neighbourhoods. To sum up, while successful and profitable businesses are fundamentally important to boost economy by generating revenues through earning more profit, social and environmental issues should

also

be included into their priority list of core planes.