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

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It is important for
businesses
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,
besides
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the primary goal of making a profit, to take their social responsibilities. I totally agree with
this
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statement because
along with
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its contribution to society, social activities can bring remarkable benefits to the
company
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itself. On the one hand, there are strong reasons why
businesses
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should accept that they have social responsibilities.
Firstly
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, the production process of enterprises can produce hazardous waste, which has detrimental effects on the environment and human health.
For example
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, toxic emissions from factories and vehicles which are used to transport the product contribute to air pollution and several respiratory diseases among people.
Secondly
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, every individual shares the accountability to better society, especially those who have a big sphere of impact and financial capacity like companies and businessmen.
For instance
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, thanks to the involvement of Bitis, a Vietnamese shoe
company
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, thousands of trees were erected in order to generate the lungs of the environment.
On the other hand
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, embracing social duties can
also
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drive profits for
businesses
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in many ways. The first advantage corporations can take of
that is
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to cultivate positive brand recognition.
This
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,
as a result
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, can increase customer retention and loyalty since they once knew that part of the
company
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’s profit would be channelled to social causes near and dear to them.
In addition
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, social duty programs can increase employee engagement, which has an impact on how profitable the
company
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can be.
For example
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, a
company
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raising a campaign championing women’s rights can boost the morale of their female staff in the first place, and
this
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can lead to greater productivity. In conclusion, I believe that
businesses
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are the first responsible group for social duties and taking those responsibilities can actually bring them back more profit in a long way.
Submitted by phanhuyhoang278 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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