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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have always sought to make a profit, but it is becoming increasingly common to hear people talk about the social obligations that
companies
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have. I completely agree with the idea that
businesses
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should do more for
society
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than simply make money. On the one hand, I accept that
businesses
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must make money in order to survive in a competitive world. It seems logical that the priority of any
company
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should be to cover its running costs,
such
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as employees’ wages and payments for buildings and utilities. On top of these costs,
companies
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also
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need to invest in improvements and innovations if they wish to remain successful. If a
company
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is unable to pay its bills or meet the changing needs of customers, any concerns about social responsibilities become irrelevant.
In other words
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, a
company
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can only make a positive contribution to
society
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if it is in good financial health.
On the other hand
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,
companies
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should not be run with the sole aim of maximising profit; they have a wider role to play in
society
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. One social obligation that owners and managers have is to treat their employees well, rather than
exploiting
Wrong verb form
exploit
show examples
them.
For example
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, they could pay a “living wage” to ensure that workers have a good quality of life. I
also
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like the idea that
businesses
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could use a proportion of their profits to support local charities, environmental projects or education initiatives.
Finally
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,
instead
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of trying to minimise their tax payments by using accounting loopholes, I believe that
company
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bosses should be happy to contribute to
society
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through the tax system. In conclusion, I believe that
companies
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should place as much importance on their social responsibilities as they do on their financial objectives.
Submitted by MMH04276 on

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Structure your answers in logical paragraphs

The easiest way to score well on the IELTS Task 2 writing portion is to structure your writing in a solid essay format.

A strong argument essay structure can be split up into 4 paragraphs, each containing 4 sentences (except the conclusion paragraph, which only contains 3 sentences).

Stick to this essay structure:

  • Paragraph 1 - Introduction
  • Paragraph 2 - First supporting paragraph
  • Paragraph 3 - Second supporting paragraph
  • Paragraph 4 - Conclusion

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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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