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 maximising 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 minimise 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
maximising
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
minimise
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.
12Linking words, meeting the goal of 7 or more
24Repeated words, meeting the goal of 3 or fewer
2Mistakes