In today’s world, private companies rather than the government pay for and conduct most scientific research. Do you think the advantages outweigh disadvantages?

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

businesses

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. The top priority of any company should be to cover its running costs,

such

as employees’ wages and payments for buildings and utilities. On top of these costs, enterprises

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 contribution to

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ommunity if it is in good financial health.

On the other hand

, corporations should not be run with the sole aim of maximising profit; they have a wider role to play in society. One social obligation that owners and managers have is to treat their employees well, rather than exploiting them.

For example

, they could pay a “living wage” to ensure that workers have a good quality of life. I

also

like the idea that

businesses

could use a proportion of their profits to support local charities, environmental projects or education initiatives.

Finally

,

instead

of trying to minimise their tax payments by using accounting loopholes, I believe that the boss should be happy to contribute to the community through the tax system. In conclusion, I believe that association should place as much importance on their social responsibilities as they do on their financial objectives.