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Companies are frequently required to have the social obligations, besides its primary responsibility is earning profit. In my view, I totally agree with the idea that local companies should concern more about social issues, especially for the community in which they live, than simply making money.
On the one hand, it is apparently that commercial activities is the most essential task of the companies, if they want to survive in a competitive world. Firstly, the companies have to cover at least its running cost such as labour and prodution cost, payments for buildings, utilities and overheads. Secondly, business profit would be spent on expansion and restructure the companies and in reinvesting activities to remaining successful. If the company were on low incomes, then they could not take the social responsibilities although they desire to. In other word, All the supports business doing for social will lose the meaning unless it is in good financial health.
On the other hand, the businesses should not be ran with the sole aim of maximising profit whilst they have a wider role to play in society. One social obligations that companies have a duty to provide environmentally friendly products and services with the adorable prices. Clearly, corporations generated and maintained career for many people that reduces the unemployment rate, however, they have long been criticized for their negative effects in natural environment. So, companies have to address this problem such as to take part in locally environmental project. All the supports of business not only provide the improvement for society but also advance goodwill of the company as well as advertise the brand in community, while building sustainable and impressive businesses.
To conclude, I concur with the idea that businesses should pursue both social responsibilities and financial objectives simultaneously.
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