Fridays

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As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree? These days the idea that social responsibility should be prioritized as well as earning money by businesses has become widespread. As far as I am concerned and in terms of importance, the former has to be addressed equally or even more than the latter. For several reasons the necessity of making money for companies should be addressed. First, this it is indisputable that companies need money to survive in a competitive world. For example, there were a handful of large companies in Iran which have failed to continue their commerce due to inadequate cash flowpoor financial turnover. Secondly, if companies are set for being active in other aspects besides making money, they should experience a particularly good economic situation. In other words, the more economically powerful companies are, the more possibilities available for them to make their contribution in society. On the other hand, although involved in the sole goal of making money and maximizing the profit, company owners should address the other issues such as social obligation equally or even more importantly. In societal terms, there should be social affairs in companies which should not be neglected by employers. Ranging from showing recognition to mutual understanding such as setting up wedding anniversary and birthday celebration for employees, such affairs and obligations play the main role in raising efficiency and productivity which would probably lead to a better economic status for society. Also, some philanthropic affairs such as charity work are already one of the fundamental needs of society which should be put importance on by businesses. What is really worth-mentioning for me is my father's company which contributed in to some humane activities no matter how capital intensive it could be. In conclusion, I do believe that both of social responsibility and making money should be taken into account as influential factors by businesses which could be beneficial for society in on the level of economy and much many more aspects.