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

It is often said that businesses around the globe are just earning money.
However
, I believe that corporations should
also
put their hands on social activities.
This
essay emphasizes applying my viewpoints with valid illustrations. To commence with, the main aim of any business is to make money in order to survive in
this
competitive world.
In other words
, if the industry fails to bring profits on paper,
then
they would not be able to fulfil a firm's needs, employees' wages, building rent, utilities etc.
In addition
, it has been seen that most enterprises are now investing their funds in other businesses like real estate, endorsing particular products to make a company's reputation. So, if the association fails to make profitable outcomes,
then
it would not be able to think and help social organizations.
In other words
, businesses can only support welfare activities if they are in good financial shape. While it is
also
true that companies should not only focus on maximizing their profits, they have to involve in social problems. By doing
such
support, it aids to firm's value among the people.
For instance
, the number one profile company in India, Reliance gives funds to many NGOs, Social organizations to support poor children's education and better living. They
also
run Education & Sports for All (ESA) program where they encourage and assist a number of talented poor young ones to showcase their skills and talent on bigger platforms.
This
will eventually help to increase the company's market and share values. In conclusion,
although
it is essential to make money to run a business, it is more important to participate in welfare programs.
This
will help to minimize poverty and unemployment issues in the country.
Submitted by tdpatel0 on

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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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