Highly competitive world, companies focus on high profits. Other than earning money, organisations require to accept social commitments as one of their duties. As a responsible citizen, I agree with the statement.
In contrast, some believe the sole purpose of a business is purely the profit. This argument is not entirely acceptable, and the private sector needs the society's recondition to survive in the long run. Therefore, they must reward and show their devotion to the community. It is beneficial for both companies and the public. There are many ways of engaging with people, such as Corporate Social Responsibility (CSR) programs. Many corporations prefer this method to serve the people, and on the other hand, it will build a healthy relationship with them. For instance, in my country, there are some regions without sufficient clean water. Many recognised companies launch pure water project in those places. In return, they receive significant recognition and trust.
Another aspect is that the development and success of corporations highly determined by their skilled employees. Thus it is essential to arm with a skilful workforce. So to accomplish that it is necessary to uplift public education. They can assist in enhancing education and develop community schools in rural areas. Furthermore, supporting the government to establish advanced industrial and vocational training centres. Business organisations should incorporate these kinds of socially beneficial arrangements in their business strategy.
To conclude, private organisations should concentrate on taking part in social accountability other than financial interests. They can take part in that cause, as stated above.
Highly
competitive world,
companies
focus on high profits. Other than earning money,
organisations
require
to accept
social commitments as one of their duties. As a responsible citizen, I
agree
with the statement.
In contrast
,
some
believe the sole purpose of a business is
purely
the profit. This argument is not
entirely
acceptable, and the private sector needs the society's recondition to survive in the long run.
Therefore
, they
must
reward and
show
their devotion to the community. It is beneficial for both
companies
and the public. There are
many
ways of engaging with
people
, such as Corporate Social Responsibility (CSR) programs.
Many
corporations prefer this method to serve the
people
, and
on the other hand
, it will build a healthy relationship with them.
For instance
, in my country, there are
some
regions without sufficient clean water.
Many
recognised
companies
launch pure water project in those places. In return, they receive significant recognition and trust.
Another aspect is that the development and success of corporations
highly
determined by their skilled employees.
Thus
it is essential to arm with a
skilful
workforce.
So
to accomplish that it is necessary to uplift public education. They can assist in enhancing education and develop community schools in rural areas.
Furthermore
, supporting the
government
to establish advanced industrial and vocational training
centres
. Business
organisations
should incorporate these kinds of
socially
beneficial arrangements in their business strategy.
To conclude
, private
organisations
should concentrate on taking part in social accountability other than financial interests. They can
take part
in that cause, as stated above.