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

It is sometimes argued that
besides
gaining a profit the
business
units have to aware of social responsibilities. In my opinion, I completely agree that
this
statement would be a good idea. There are various reasons why money is the most essential thing to run a
business
.
Firstly
, at the early stage, the newborn businesses need to be more well-known to gain customers before making an income.
For example
, they need to pay for advertisements.
Secondly
, they need profits to pay the cost of maintaining a
business
.
For instance
, the money to pay for wages or the cost of fixing the production factories.
Finally
, the rest of the money, after paying the cost, can be invested to expand the
business
by discovering new opportunities or researching to form a better version of products.
Furthermore
, having contributions to
society
can strengthen the
business
’s brand in several ways.
Firstly
, the service’s customers and people in
society
are the same groups and
that is
a chance to acquire a new customer segment.
Secondly
, similar to the previous one, the
business
’s employees can gain the benefits from social responsibility, which
this
impact encourages them to become the royal employee and
that is
a kind of
business
gaining.
Finally
, people in
society
are likely to recognise the brand that helps them more than the brands that ignore the people. In conclusion, I totally agree with
business
have to take care of social responsibility because helping
society
and gaining income can be contributed in parallel for achieving sustainable
business
.
Submitted by tonydude1999 on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Essentional vocabulary list for IELTS Writing 7+

Learn how to write high-scoring essays with powerful words.
Download Free PDF and start improving you writing skills today!
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
What to do next:
Look at other essays: