The purpose of businesses is to make money and they should concentrate only on this. Do you agree or disagree?

It is thought that
businesses
should revolve around financial goals only.
This
essay completely disagrees with
this
statement because it might detract from the
employees
' optimal performance and lower the enterprise's
reputation
. The primary reason to object to the sole focus of making profits is that
such
a shallow mindset can exhaust the business' workforce by forcing them to work excessively to achieve certain financial KPIs.
This
is because when the company prioritizes its profits over the
employees
' happiness and personal growth, it might result in work dissatisfaction, which definitely lowers needed devotion and productivity.
For example
, in 2022, it was reported that a footwear company in Ho Chi Minh City made its workers work overtime excessively within 2 months in order to make up the loss caused by the COVID pandemic, but that only ended up in chaos when many
employees
went on strikes to protest the policy. The second reason why
businesses
should not consider money as their sole purpose is that it may bring down their
reputation
.
In other words
, the more
businesses
join hands to solve practical issues in their community, the higher
reputation
Correct article usage
the reputation
show examples
they will get, and
this
will in turn better support their commercial activities.
For instance
, the electronics giant Sony has included community social responsibilities through specific campaigns or activities
such
as teaching disadvantaged children photography skills or donating computers to schools in rural areas as a crucial part of their strategic marketing plan, which yielded impressive results in enhancing brand awareness
while
contributing significantly to the community. In conclusion,
while
making profits is of paramount importance to
businesses
, it should be made the sole purpose as it could deplete the
employees
' contribution to the company and negatively affect their
reputation
.
Submitted by nha7032463 on

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structure
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linguistic
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content
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introduction/conclusion
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examples
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task response
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Your opinion

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Topic Vocabulary:
  • Financial sustainability
  • Profit margin
  • Corporate social responsibility (CSR)
  • Stakeholder
  • Socio-economic impact
  • Ethical business practices
  • Customer retention
  • Brand loyalty
  • Workforce morale
  • Innovation
  • Sustainable growth
  • Competitive edge
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