As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?

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Businesses
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are always want to make
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a
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good revenue, but it is common nowadays that peoples are expecting them to contribute to society. I strongly agree with the idea that
businesses
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pay back
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payback
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to society than solely aim to make profits. On one hand, companies need to make
money
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to continue their
businesses
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in
this
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competitive era. To clarify, they need to make enough income to cover the expenses of employee salaries, rentals and utilities.
Moreover
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,
businesses
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also
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require to invest in research and innovations to improve the value of their products/services. If the organization is losing and struggling to cover the costs they may face difficulty participating in social activities or giving a helping hand to the
community
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.
Nevertheless
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,
businesses
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should not mainly care about making
money
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; they should
also
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try to take responsibility to help society. To illustrate, the company to donate a certain amount of
money
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from their profits back to the
community
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and participate in social activities
such
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as fundraising to support the needs in the local
community
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.
In addition
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, paying the right amount of tax to the government is a way to give back to the
community
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as
this
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budget may use to build the improvement on healthcare systems, educations and infrastructure of the country.
Furthermore
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, the
businesses
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should
also
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care about their staff well beings and helping them to have the standard quality of life by supports. To conclude, I completely agree with the idea that companies put the same efforts to make
money
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and take the social responsibilities.
Submitted by Shwe Yamin 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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