Although money plays a vital role in any business or organization, there are many other social aspects which are really important for business. I largely agree with the said notion.
To commence with, why money is important for any business? The prominent one is that money needs to run a business properly. In other words, if any company makes good money then the benefit will go to the employer then the owner will invest more funds in the quality of products and do other improvements in the store. Moreover, the employer will give some bonus to their employees like salary increase, pay tips. Hence, money is a key source for a business.
On the other hand, there are counts of social responsibilities which also matter for a company. Firstly, the reputation of the company is the first aspect that matters for society. To elaborate it, a business needs to make good relationship with their customers because customers will come back if they treat them well. Add to it, by providing good services like food service, customer service. Along with this, the business should also need to donate some funds for charity, environmental safety, and health care. For instance, in 2005, the government of India revealed that every business will need to donate 5% of the money for the development of the country. Therefore, social duties are necessary for a business.
To recapitulate, money is essential for the growth of the company. However other social duties are equally important for a business like reputation in society, good relationships.
Although
money
plays a vital role in any
business
or organization, there are
many
other
social
aspects which are
really
important
for
business
. I
largely
agree
with the said notion.
To commence with, why
money
is
important
for any
business
? The prominent one is that
money
needs
to run a
business
properly
. In
other
words, if any
company
makes
good
money
then the benefit will go to the employer then the owner will invest more funds in the quality of products and do
other
improvements in the store.
Moreover
, the employer will give
some
bonus to their employees like salary increase, pay tips.
Hence
,
money
is a key source for a business.
On the
other
hand, there are counts of
social
responsibilities which
also
matter for a
company
.
Firstly
, the reputation of the
company
is the
first
aspect that matters for society. To elaborate it, a
business
needs
to
make
good
relationship with their customers
because
customers will
come
back if they treat them well.
Add
to it, by providing
good
services like food service, customer service. Along with this, the
business
should
also
need
to donate
some
funds for charity, environmental safety, and health care.
For instance
, in 2005, the
government
of India revealed that every
business
will
need
to donate 5% of the
money
for the development of the country.
Therefore
,
social
duties are necessary for a business.
To recapitulate,
money
is essential for the growth of the
company
.
However
other
social
duties are
equally
important
for a
business
like reputation in society,
good
relationships.