As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?
Businesses have always sought to make a profit, but it is becoming increasingly common to hear people talk about the social obligations that companies have. I completely agree with the idea that business should do more for
society
than simply make money.
On the one hand, I accept that businesses must make money in order to survive in a competitive world. It seems logical that the priority of any company
should be to cover its running costs, such
as employees
wages and payments for buildings and utilities. On the top of these costs, companies Suggestion
employees'
employee
also
need to invest in improvements and innovations if they wish to remain successful. If a company
is unable to pay its bills or meet the changing needs of customers, any concerns about social responsibilities become irrelevant. In other words
, a company
can only make a positive development to
Suggestion
of
society
if it is in good financial health.
On the other hand
, companies should not be run
with Suggestion
should not run
sole aim
of maximising profit; they have a wider role to play in Suggestion
the sole aim
society
. One social obligation that owners and managers have is
to that their employees well, rather than exploiting them. Suggestion
been
For example
, they could pay a “living wage” to ensure that workers gave a good quality of life. I also
like the idea that businesses could use portion
of their profits to support local charities, environmental projects or educational initiatives. Suggestion
portions
Finally
, instead
of trying to minimise their tax payments by using accounting loopholes, I believe that company
bosses should be happy to contribute to society
through tax system
.
In conclusion, I believe that companies should place as much importance on their social responsibilities. Suggestion
the tax system
Nonetheless
, financial objectives cannot be denied too. Overall, it is anticipated that trend of social responsibilities is likely to incline in the upcoming future.Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.