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

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It is sometimes argued that
businesses
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have many important responsibilities towards societal issues along with making money. I completely agree with
this
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notion that conglomerates should be working on tackling socio-economic problems and should not only concentrate on making money. On the one hand, there are several reasons why the primary objective of industry is to earn a profit. Logically, there are so many companies that have a top priority of promoting revenues so as to cover its running costs
such
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as employees’ wages or payment for buildings and utilities. On top of these costs, companies
also
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need to invest in improvements and innovations to sustain a successful position in the business world. If a company is unable to pay the bills or have some stumbling blocks from a modification of customers’ needs, any concerns about social responsibilities are irrelevant.
In other words
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, unless a company is in good financial health, it will not make a positive contribution to society.
On the other hand
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,
businesses
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nowadays play an integral role in society
instead
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of solely focusing on making money.
Firstly
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, being socially responsible can help
businesses
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attract more custom.
For example
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, If a brand gives charitable donations, customers will more likely to come back as they know part of their payments will go into charity funds and help other people.
Secondly
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, business activities may have effects on the environment. Production processions could lead to serious environmental degradation
such
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as global warming stemming from factories’ emissions or irresponsible discharging of industrial waste. In order to run a sustainable business, It is necessary for factories to have a waste treatment system before disposing of their waste into the environment. In conclusion, I would emphasize that while making a profit is a top priority for
businesses
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, social obligations should
also
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be considered as an important aspect
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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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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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