Should Business Contribute More to the Society

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Name: Lam Tik Fai
Class: G13
Student Number: s126932
Course:ENG1010 English for Effective Communication
Lecturer: Chan Chiu Yuet, Dera
Assignment: Essay Writing (30%)

Desire of human determine the existence of all firms. We spend money from apparels to delicacies, from housing services to gadgets…… The consumers are indispensable to all businesses, as a result, I strongly agree that businesses are responsible for helping society in any way they can. First of all, businesses earn profits through the purchases of goods and services of consumers. I agree that the biggest aim of businesses is profit maximization. However, as time goes by, more and more people concern about the social responsibility of firms, especially when the global economy falls into the trough. Entrepreneurs create their fortunes by forecasting demand of people, but to speak more precisely, the society turns their dream of wealth into reality. This is why the firms should take the needs of the whole society into account apart from profit earning. In fact, more and more well-known enterprises have been commencing on various charitable projects, this reflects the trend of expressing care and love to the society in the global business environment nowadays. In 1999, the announcement of ‘The UN global compact’ by Kofi Atta Annan, who served as the seventh Secretary-General of the United Nations in the Davos World Economic Forum annual meeting symbolizes the start of corporate social responsibility around the globe.

Secondly, the citizens serve as employees to support the operation, growth and even the expansion of the enterprises. The citizens not only give enterprises revenue, but also support the growth of enterprises by providing services at different positions in the companies according to their qualification, knowledge and ability. Is there any prestigious corporation employ nobody but the owner himself? I believe the answer is ‘no’. This give us a clear answer, it is...
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