Businesses Responsibilities -- IELTS Writing
People may argue whether profit is the only target businesses strive for? Do they have social responsibilities in the meantime? In my view, a successful business should have both responsibilities to enjoy a sustainable growth.
On one hand, there is no doubt every company is seeking for financial interests and investment return in this fast changing business environment. Companies can only provide employment opportunities and expand businesses when they are in good financial shape. In return, individuals working for profitable employers are more likely to enjoy a competitive salary package and attractive benefit programs, thus the overall living standard will be improved. In addition, a strong financial performance helps companies commit for long term development and as a result, they will stimulate economic growth, boost industries’ development and promote social stability. By contrast, if a company could not realize a break-even or even worse, continuously losing money, a final bankrupt would damage the image of the company and pose a negative impact for both overall economy and each employee involved.
On the other hand, businesses can not pursuit economic interests at the cost of environment and community. Companies that demonstrate their strong commitment to social responsibilities are more likely to have better public images. They increase the chances of becoming favorable in the eyes of consumers through engaging various money donation, volunteering and other philanthropy activities. The relationship between consumers and the company is strengthened and a positive cooperate brand could be built. Besides, cooperate social responsibility helps attract and retain engaged and productive talents. When job hunting, individuals normally would like to seek for employment opportunities from corporations that are generous to the community.
In conclusion, businesses have responsibilities of generating money, and at the same time dedicating continuous effects on social responsibilities for long term development and prosper.
Search from various English teachers...
Corrections · 1
0
Businesses Responsibilities -- IELTS Writing
People may argue whether profit is the only motive towards which businesses should strive. Do they also have social responsibilities? In my view, a successful business should have both profit and social responsibilities to enjoy sustainable growth.On the one hand, there is no doubt every company needs to pursue financial interests and positive investment returns in this fast changing business environment. Companies can only provide employment opportunities and expand businesses when they are in good financial shape. In return, individuals working for profitable employers are more likely to enjoy a competitive salary package and attractive benefit programs, thus their overall living standard will be improved. In addition, strong financial performance helps companies commit to long term development and as a result, they will stimulate economic growth, boost industry development, and promote social stability. In contrast, if a company cannot realize break-even returns or even worse, is continuously losing money, a final bankruptcy would damage the image of the company and have a negative impact for both the overall economy and each employee involved.
On the other hand, businesses cannot pursuit economic interests at the cost of environment and community. Companies that demonstrate their strong commitment to social responsibilities are more likely to have better public images. They increase the chances of becoming favorable in the eyes of consumers through engaging in various donations, volunteering, and other philanthropic activities. The relationship between consumers and the company is strengthened and a positive brand image can be built. Besides, corporate social responsibility helps attract and retain engaged and productive talent. When job hunting, individuals often like to seek for employment opportunities from corporations that are generous to the community.
In conclusion, businesses have the responsibilities of being profitable while contributing continuous efforts to social responsibilities for long term development and prosperity.
Want to progress faster?
Join this learning community and try out free exercises!
Don’t miss out on the opportunity to learn a language from the comfort of your own home. Browse our selection of experienced language tutors and enroll in your first lesson now!
Start Learning Today
