As well as making money, businesses also have social responsibilities. Do you agree or disagree?
People have different views about what kinds of obligation a company should have. While I accept that the top priority of companies is to generate profits, I believe they should also have social responsibilities.
On the one hand, I believe businesses already contribute to society by simply focusing on making money. The first reason is that when companies earn any profits, they can expand their businesses, which creates more job opportunities for people. Some big multinational corporations such as Apple or Microsoft can be a great illustration. They have been employing hundreds of thousands of individuals around the world, which helps to reduce unemployment rates in many countries. Additionally, when companies make higher profits, they will pay more taxes for the government. This money can be used to invest in important fields such as education or healthcare, which will benefit society as a whole.
On the other hand, I would argue that apart from making money, companies also need to have social responsibilities. Firstly, since the rising number of factories these days has led to serious environmental damage, companies need to take immediate actions to help protect the natural environment. For example, they could try new technologies to recycle their wastes instead of disposing of them right away. Secondly, corporations should also consider helping those who are less fortunate such as homeless or disabled citizens. This will contribute to a better society and also help to enhance the image of the company or the brand.
In conclusion, although companies should prioritise the need to make profits, I believe they should also have social responsibilities.