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

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