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

Social responsibilities are

also

critical in investments apart from making profits. I completely agree with

this

opinion due to the fact that a

business

's survival requires the support of the stakeholders. Accruing profits should not be the only goal of any investor. The reason is that there are many stakeholders in any investment and

this

range from

shareholders

to employees to local communities hosting the

business

to

customers

.

Therefore

, a

business

owner has large responsibility of satisfying these stakeholders. Though the primary aim of

shareholders

is to make gains,

however

, the hosting land will expect some positive impacts from the

business

.

For example

, an oil mining company is expected to contribute to the growth of its local community by achieving less pollution in the environment and

also

providing some social amenities in order to continue enjoying the support of the local community.

Therefore

, as an investor is trying to make money to satisfy the

shareholders

, he

also

needs to work hard to maintain strong support from the local community.

Furthermore

, a

business

owner

also

has a responsibility to

customers

.

Customers

consume the products and their aspirations need to be met.

Customers

can be grouped into two. There are retailers and final consumers.

For instance

, farmers in Australia supply to retail outlets for onward selling to final consumers or they sell directly to consumers.

Therefore

, a

business

owner must maintain a strong relationship with these groups, by making sure He is supplying quality products at affordable prices.

This

will make the

business

sustainable for its

shareholders

for continuous returns. In conclusion, as much as businesses must make profits, social responsibilities cannot be avoided if a

business

will survive for a long period of time.

Therefore

,

business

owners must prepare for

this

.