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.