The top priority of businesses is making money, adn they do not need to have social responsibilities. To what extend do you agree or disagree?

It has lately been a concern that

companies

only focus on the economic benefits but forget their responsibility to society. My opinion towards

this

notion is quite unbiased and to account for the motive of my perceptions shall I discuss in

this

essay. On one hand,

businesses

have a primary duty to generate profits. After all, the main objective of any company is to remain sustainable in a competitive market, and

this

requires financial success. Investors, shareholders, and employees all rely on the profitability of a company for their livelihood, and without consistent financial growth, a business may not survive.

Therefore

,

businesses

must focus on maximizing their revenue in order to stay competitive, grow, and ensure job security.

However

,

on the other hand

,

businesses

do have social responsibilities that cannot be ignored. As entities that operate within a society, they impact the environment, communities, and the well-being of their workers.

Companies

that disregard social and environmental concerns risk alienating consumers, employees, and even investors who increasingly prioritize sustainability, ethical practices, and social justice. A business's long-term success cannot only be measured in financial terms; it must

also

consider how its operations affect the world around it. Ethical

businesses

tend to build stronger reputations, which in turn attract loyal customers and partners.

Furthermore

, the concept of corporate social responsibility (CSR) has become integral in modern business practices. Many

companies

now actively engage in initiatives that benefit society,

such

as reducing their carbon footprints, promoting diversity and inclusion, or supporting local communities. These actions not only contribute to societal well-being but can

also

result in long-term financial benefits, as

companies

are often rewarded with greater brand loyalty and positive media coverage. In conclusion,

while

making money is the primary goal of

businesses

, it is equally important for them to recognize their social responsibilities. A balance between profit-making and contributing to societal welfare is essential for sustainable success.

Companies

that fail to acknowledge

this

responsibility may risk damaging their reputation and future prospects.

Therefore

,

businesses

should strive to align their financial goals with their social obligations, creating a positive impact both economically and socially.