As well as making money, businesses also have social responsibilities. Do you agree or disagree?

While

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many think that making a surplus is the primary goal of businesses, I firmly believe that

corporations

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should

also

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recognise their social responsibilities. In

this

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essay, I will argue that businesses should balance their pursuit of profit with their obligations to society, as

this

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approach can yield benefits for both the

companies

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themselves and society as a whole. On the one hand, maximizing

profits

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is of paramount importance for the sustainability and development of

companies

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. By earning huge

profits

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,

corporations

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could not only cover various expenses,

such

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as employee salaries or operation costs but

also

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have the opportunity to grow their business.

For example

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, substantial capital is essential for

companies

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to acquire state-of-the-art machines and processes to expand their production, thereby leading to improvements in both the quantity and quality of their products.

This

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acts as a powerful testament to the indispensable role of earning

profits

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in

corporations

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.

On the other hand

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, I think that

companies

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should take social duties into consideration

due to

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their colossal impact on improving businesses’ reputation and community development. Given the fact that customers these days attach greater importance to

companies

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’ commitment to sustainably develop the community, firms that invest in doing social projects tend to gain more trust and loyalty from the general public .

For instance

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, major

corporations

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such

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as Vinamilk or Unilever have greatly enhanced their public image through philanthropic initiatives,

such

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as providing scholarships or giving charitable donations. Brand benefits

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besides

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Besides

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, these actions have a profound impact on the underprivileged, offering them the opportunity for a brighter future and the chance to contribute to the community. In conclusion,

although

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I agree that the bulk of

corporations

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’ aims must be gaining

profits

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, I would contend that fulfilling social duties is

also

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beneficial for establishments because it helps to increase brand recognition and has influence impacts on society.