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
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