As well as making money businesses also have a responsibility towards society. To what extent do you agree or disagree?
A number of individuals believe that the business also has a responsibility toward communities despite profits. I agree with the given notion, and my inclination will be justified in the following paragraphs, along with a logical conclusion.
There are various reasons that indicate that any business has some responsibility for the country. Firstly, it is true that when any business gets successful, it becomes a role model for a small organization. Moreover, small companies and other people also start to follow them, so any social work done by the successful business company also simulates others and sets a new path which makes the new change in the society. In India, for example, in the covid epidemic, tata started to provide help to their employee financially and socially by seeing others also start on their footprint.
Secondly, around the world, there are a number of countries where penurious people number are very higher thus, if big companies aid as financially to them then it aids the bureaucrats to focus on other things than improving their livelihood. It directly helps on development of the nation. Finally, the majority of the organization got success because of local people, so returning back is also a good way.
However, the success of any business is on how much profit and revenue. As a result, it is also important that they focus on making money. If they only focus on social and volunteer work, then the business might be lost.
In conclusion, it is debated that companies have to work socially or only focus on money. In my view, after success, financial and social responsibility requirements.
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