I definitely agree with the given statement that the corporate sector should focus on creating personal
wealth as well as shoulder social responsibilities. This would be beneficial to the society and also for the
companies themselves to sustain in the long run.
To begin with, it is an inescapable responsibility of every business enterprise to create more money for
itself and its employees. Only when businesses achieve profitability can the employees remain loyal to the
organisations that they work for. Meanwhile, companies can themselves remain competitive in the long
run. ln the initial stages, great amount of investments are needed for employee training, buying
equipment, advertising, marketing, research and development. Therefore, economic stimulus is the driving
force for employers and employees to work hard.
On the other hand, social responsibility is also very essential for businesses. ln times of natural disasters,
business houses are supposed to make generous donations and set an example. All businesses should also
abide by the law and never make profit by unethical means. lf any business becomes prosperous by honest
hard work, it can provide a number of job opportunities, which can greatly reduce the pressure of social
unemployment.
Furthermore, taking social responsibility would help these large business houses themselves. For example,
when any business house donates for charity, the media spreads a word about their efforts and they get
advertisement for free. ln my hometown, many parks and roundabouts are maintained by the textile, sugar
and starch mill in my hometown. These business houses do not need to spend extra for their adverts.
providing scholarships to poor, meritorious students is another way these enterprises can take social
responsibility.
To sum up, it can be reiterated that businesses need to make money and also look into their social
obligations. This would be a win-win situation for the society and the enterprises themselves.
I definitely
agree
with the
given
statement that the corporate sector should focus on creating personal
wealth
as well
as shoulder social
responsibilities
. This would be beneficial to the society and
also
for the
companies
themselves to sustain in the long run.
To
begin
with, it is an inescapable
responsibility
of every
business
enterprise to create more money for
itself and its
employees
.
Only
when
businesses
achieve profitability can the
employees
remain loyal to the
organisations
that they work for. Meanwhile,
companies
can themselves remain competitive in the long
run.
ln
the initial stages, great amount of investments
are needed
for
employee
training, buying
equipment, advertising, marketing, research and development.
Therefore
, economic stimulus is the driving
force for employers and
employees
to work
hard
.
On the other hand
, social
responsibility
is
also
very
essential for
businesses
.
ln
times of natural disasters,
business
houses
are supposed
to
make
generous donations and set an example. All
businesses
should
also
abide by the law and never
make
profit by unethical means.
lf
any
business
becomes prosperous by honest
hard
work, it can provide a number of job opportunities, which can
greatly
reduce
the pressure of social
unemployment.
Furthermore
, taking social
responsibility
would
help
these large
business
houses
themselves.
For example
,
when any
business
house
donates for charity, the media spreads a word about their
efforts and
they
get
advertisement for free.
ln
my hometown,
many
parks and roundabouts
are maintained
by the textile, sugar
and starch mill in my hometown. These
business
houses
do not need to spend extra for their adverts.
providing
scholarships to poor, meritorious students is another way these enterprises can take social
responsibility.
To sum up, it can
be reiterated
that
businesses
need to
make
money and
also
look into their social
obligations. This would be a win-win situation for the society and the enterprises themselves.