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

In the competitive business world, corporations face a barrage of problems that are waiting to be solved. Some of them are finance related and others

are related

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relate

to business operations that involve social issues. I hold the view that a

company

should not only have the ability to make a profit but

also

champion social responsibilities. Corporations that place an emphasis on corporate social

responsibility

typically have an easier experience when dealing with government regulators.

On the contrary

, businesses that demonstrate a reckless disregard in social

responsibility

often find themselves staving off various investigations and probes, usually viewed as socially irresponsible along with senior management. The more positive the public perception is that a corporation takes social

responsibility

seriously, the less likely it is that activist groups will stage a spate of protests to demand government inquiries against it.

This

is the sound reason that companies should take social

responsibility

into account. Having been recognized by customers that the

company

is part of the socially responsible strategy, the

company

’s revenue will be boosted. Some customers are willing to pay more for a product if they know a portion of the profit is going to worthy causes. What is more, if a

company

is active in

local community

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the local community

such

as providing lending services at low interest rate

to

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for

low-income families, the

company

will be viewed positively by the community and potentially increase the

company

’s profit. To conclude, the benefit

for

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of

a financially sound

company

with a sense of social

responsibility

can be far and wide, including a positive image, and improved sales.