Generating and maintaining earnings is of utmost importance to all kinds of businesses. Whilst many individuals strongly reiterate this, I argue that it is as imperative for organisations to be socially responsible

Generating and maintaining earnings is of utmost importance to all kinds of businesses. Whilst many individuals strongly reiterate this, I argue that it is as imperative for organisations to be socially responsible.

• Generating and maintaining earnings is of utmost importance to all kinds of businesses. Whilst many individuals strongly reiterate this, I argue that it is as imperative for organisations to be socially responsible.
• There are several convincing arguments in favour of driving profit targets for a company. On the one hand, in an effort to sustain and grow a business, an established profit goal must be achieved for venture capitalisation. Start-up companies often fail within a few years of operations, as it is usually difficult to gain sufficient capital to cope with the company’s rapid expansion. On the other hand, holding adequate resources can often open up avenues for calibration and innovation within a company, ameliorating the structure and efficiency of the company. For instance, an accounting firm can direct its spares into acquiring an actuarial team to manage and mitigate its unforeseen risk, validate the accuracy of their reporting and ensure a high standard of quality services.

However, corporate organsiations should also possess social onus, rather than boosting returns per se. More and more companies are drawing their attentions toward the society and the environment by replacing the conventional bins with organic bins and recycle bins in respective, encouraging a paperless workplace. They also promote activities like ‘stairs-masters’ in a bid to alleviate carbon footprint. In addition, voluntary days are initiated by many large orgnisations to advocate social awareness to their employees and the wider community, and it demonstrates the profound social impact, which the commercial industry could impose.

• However, corporate organsiations should also possess social onus, rather than boosting returns per se. More and more companies are drawing their attentions toward the society and the environment by replacing the conventional bins with organic bins and recycle bins in respective, encouraging a paperless workplace. They also promote activities like ‘stairs-masters’ in a bid to alleviate carbon footprint. In addition, voluntary days are initiated by many large orgnisations to advocate social awareness to their employees and the wider community, and it demonstrates the profound social impact, which the commercial industry could impose.
• To sum up, I am resolute that social responsibility objectives should be added and highlighted in businesses’ year agenda in lieu of having solo returns focuses.