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

Some harbour the view that corporations should take accountability for the betterment of
the
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society
in addition
to their financial focus. From my perspective, I totally agree with
this
view. On the one hand, it is justifiable that companies should prioritise their financial health before making any critical decision. Indeed, the larger the system, the more money they need to pay
such
as capital, tax , and salaries. If they are unable to solve the domestic issues, it is less likely that they could support other concerns
besides
their business. Another factor that an entrepreneur is expected to practice is to incentivize their workers.
Instead
of draining the energy of their workers to maximize their profits, they should conduct workshops to elucidate some tricks of the trade for them.
On the other hand
, enterprises need to pay heed to the individuals they associate with. Take Vedan company for an example. They used to discharge sewage into one of the largest rivers of Vietnam, contaminating the water used in daily life. In order not to be boycotted, they were required to compensate for a large sum of money for the water refinement.
Furthermore
, minding the societal obligations shows how dedicated they are to the public. As long as they propagate environmentally-friendly products or subsidize multiple charitable programs, customers are more likely to favour their brands,
hence
benefits for both buyers and sellers. In conclusion, it is of great importance that firms should be accountable for their own success and the benefits of
the
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society. Provided that they give enough legacies, what they receive from the public will be much more significant.
Submitted by minanguyen1211 on

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Topic Vocabulary:
  • Social responsibilities
  • Corporate social responsibility
  • Ethical behavior
  • Societal impact
  • Stakeholders
  • Profit-driven
  • Public perception
  • Environmental sustainability
  • Community development
  • Human rights
  • Workplace safety
  • Altruism
  • Balanced approach
  • Accountability
  • Consumer loyalty
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