As well as making money, businesses also have social responsibilities.

To what extent do you agree or disagree?

Some individuals hold the view that businesses should balance their pursuit of profit with their
social obligations. Personally, I wholeheartedly agree with this notion, as I believe that both
aspects play integral roles in fostering the success of enterprises.
On the one hand, the generation of revenue stands as a pivotal goal for companies. Without a
steady income, they would struggle to sustain their operations. To begin with, businesses rely on
their profits to meet their employees' salaries. Higher profits translate to higher wages for the
workforce. For instance, individuals tend to seek employment opportunities that offer competitive
remuneration, motivating them to work more diligently. Consequently, enterprises consistently
prioritize profit generation. Additionally, they must contend with annual taxes and overhead
expenses such as building maintenance and utilities. A shortage of funds could lead to bankruptcy,
which not only affects business owners but also disrupts the lives of employees. In this context, any
concerns about social responsibilities would become inconsequential. In essence, a company can
only make a meaningful contribution to society when it is financially stable.
On the other hand, society should not be overlooked on a company's list of priorities. Firstly,
consumers drive the profitability of companies by purchasing their products. Consider iconic
brands like Coca-Cola and Pepsi; they vie not only for profits but also for a larger consumer base
because an increased customer count translates into greater prosperity. Furthermore, I endorse the
idea of businesses allocating a portion of their profits to support local charities, environmental
initiatives, or educational programs. Lastly, instead of seeking to minimize their tax obligations
through accounting maneuvers, I believe company executives should willingly contribute to society
through the tax system.
In conclusion, I firmly believe that companies should accord as much significance to their social
responsibilities as they do to their financial objectives
Businesses have always aimed to generate profits, but there is a growing conversation about the
societal duties that companies bear. I wholeheartedly agree that businesses should extend their
efforts beyond mere profit-making.
On one hand, I acknowledge the necessity for businesses to be financially viable in today's
competitive landscape. It is logical that a company's foremost priority should encompass covering
essential operational expenses, such as employee salaries and facility costs. Additionally,
companies must allocate resources for enhancements and innovations if they aspire to remain
prosperous. If a company struggles to meet its financial obligations or adapt to evolving customer
demands, any discussion of social responsibilities becomes secondary. In essence, a company can
only contribute positively to society when it maintains sound financial health.
On the other hand, businesses should not be driven solely by the pursuit of maximizing profits; they
hold a broader role in society. One social responsibility incumbent upon owners and managers is
the fair treatment of their employees, rather than exploiting them. For instance, they could
implement a "living wage" policy to ensure that workers enjoy a satisfactory quality of life.
Furthermore, I support the concept of companies allocating a portion of their profits to support local
charities, environmental initiatives, or educational programs. Instead of attempting to minimize tax
payments through accounting loopholes, I firmly believe that company leaders should willingly
contribute to society through the tax system.
In conclusion, I advocate for businesses to place as much emphasis on their social responsibilities as
they do on their financial goals.