As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?

At a global scale,

businesses

in general are responsible for making

profit

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a profit

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and for the

thrive

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thriving

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of the economy.

On the other hand

, it is claimed that there are several social policies

companies

should adopt.

This

is partially true, especially in

the

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apply

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modern society, that

companies

are not only obliged to maintain their stand but

also

ensure

the

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that

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workplace policies are strictly followed.

To begin

with, globalization has contributed to the emergence of diverse business models, and

hence

businesses

have to compete in an oversaturated marketplace to attract investors.

This

requires each company to have enough capacity to cover its running costs, update its facilities, and guarantee its sustainable employment.

Moreover

, as the needs of the customers and the trends

are

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have

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also

changing

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changed

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significantly over the past few years since the boom of digital inventions,

businesses

have the urge to transform

its

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their

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operation methods from traditional ones to new procedures that involve modern technology. To be more specific, industries in retail, hospitality, and commerce nowadays are all digitalized, with the help of several applications, which

provides

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provide

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a less time-consuming process. Consumers could easily put the products into their

cart

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carts

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without commuting to the supermarket.

On the other hand

, even large or small

companies

should adopt a mindset of promoting positive

labor

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labour

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policies, because they play a pivotal role in society as well.

This

could be conducted by a range of benefits for their employees, and career prospects like

trainings

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training

pieces of training

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,

instead

of exploiting them. If your employees are treated right and equally

,

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apply

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and have

good

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a good

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quality

in

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of

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life, the business itself could run more smoothly, because time and money are not wasted on onboarding new employees

due to

a high turnover rate.

For instance

, Asian workers tend to travel overseas for better job prospects because the work environment in their native countries is claimed to be exploitative. In order to maintain a non-toxic work culture and attract talented individuals,

companies

could partially extract their profits to support local institutions

,

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apply

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or charities.

This

could not only help each business gain its reputation

,

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but

also

contribute tremendously to creating jobs nationwide. In conclusion,

businesses

nowadays have considerable opportunities to earn profits and thrive alongside their competitors. Meanwhile, there are several social aspects they should be responsible for to enhance their credibility and promote positive work environments.