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

Businesses
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
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
to continue their
businesses
in
this
competitive era. To clarify, they need to make enough income to cover the expenses of employee salaries, rentals and utilities.
Moreover
,
businesses
also
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
.
Nevertheless
,
businesses
should not mainly care about making
money
; they should
also
try to take responsibility to help society. To illustrate, the company to donate a certain amount of
money
from their profits back to the
community
and participate in social activities
such
as fundraising to support the needs in the local
community
.
In addition
, paying the right amount of tax to the government is a way to give back to the
community
as
this
budget may use to build the improvement on healthcare systems, educations and infrastructure of the country.
Furthermore
, the
businesses
should
also
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
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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