Businesses have 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. 
Businesses have 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.