Businesseshave always sought to make a profit, but it is becoming increasingly common to
hear people talk about the social obligations that companies have. I completely agree with the
idea that businesses should do more for society than simply make money.
On the one hand, I accept that businesses must make money in order to survive in a
competitive world. It seems logical that the priority of any company should be to cover its
running costs, such as employees’ wages and payments for buildings and utilities. On top of
these costs, companies also need to invest in improvements and innovations if they wish to
remain successful. If a company is unable to pay its bills or meet the changing needs of
customers, any concerns about social responsibilities become irrelevant. In other words, a
company can only make a positive contribution to society if it is in good financial health.
On the other hand, companies should not be run with the sole aim of maximizing profit; they
have a wider role to play in society. One social obligation that owners and managers have is
to treat their employees well, rather than exploiting them. For example, they could pay a
“living wage” to ensure that workers have a good quality of life. I also like the idea that
businesses could use a proportion of their profits to support local charities, environmental
projects or education initiatives. Finally, instead of trying to minimize their tax payments by
using accounting loopholes, I believe that company bosses should be happy to contribute to
society through the tax system.
In conclusion, I believe that companies should place as much importance on their social
responsibilities as they do on their financial objectives.
(285words, band 9)
Businesseshave
always sought to
make
a profit,
but
it is becoming
increasingly
common to
hear
people
talk about the social obligations that
companies
have. I completely
agree
with
the
idea
that businesses should do more for society than
simply
make
money.
On the one hand, I accept that businesses
must
make
money in order to survive in a
competitive
world. It seems logical that the priority of any
company
should be to cover
its
running
costs, such as employees’ wages and payments for buildings and utilities. On top
of
these costs,
companies
also
need to invest in improvements and innovations if they wish to
remain
successful. If a
company
is unable to pay its bills or
meet
the changing needs
of
customers
, any concerns about social responsibilities become irrelevant.
In other words
,
a
company
can
only
make
a
positive
contribution to society if it is in
good
financial health.
On the other hand
,
companies
should not
be run
with the sole aim of maximizing profit; they
have
a wider role to play in society. One social obligation that owners and managers have
is
to
treat their employees well,
rather
than exploiting them.
For example
, they could pay
a
“
living
wage” to ensure that workers have a
good
quality of life. I
also
like the
idea
that
businesses could
use
a proportion of their profits to support local charities, environmental
projects
or education initiatives.
Finally
,
instead
of trying to minimize their tax payments by
using accounting loopholes, I believe that
company
bosses should be happy to contribute to
society
through the tax system.
In conclusion
, I believe that
companies
should place as much importance on their social
responsibilities
as they do on their financial objectives.
(285words, band 9)