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

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should not only have the ability to make a profit but

also

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

responsibility

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typically have an easier experience when dealing with government regulators.

On the contrary

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, businesses that demonstrate a reckless disregard in social

responsibility

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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

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

This

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is the sound reason that companies should take social

responsibility

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into account. Having been recognized by customers that the

company

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is part of the socially responsible strategy, the

company

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’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

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is active in

local community

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the local community

such

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as providing lending services at low interest rate

to

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for

low-income families, the

company

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will be viewed positively by the community and potentially increase the

company

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’s profit. To conclude, the benefit

for

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of

a financially sound

company

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with a sense of social

responsibility

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