Ielts Task 2.

Companies are responsible only for making money for their investors. Therefore, they should not be held accountable for the environmental and social costs of their business activity to society as a whole.

Businesses should do no more than concentrate on making profit.

To what extent do you agree or disagree with this opinion? Give reasons for your answer and include any relevant examples from your knowledge or experience

In this day and age, many individuals hold a belief that profitable organizations are supposed to concern about their economy and take all efforts to increase profitability. For that reason, they ought not to be in charge of some environmental issues or the local. Nonetheless, this viewpoint is not necessarily true, I firmly assert that it is vital that companies take other aspects into careful consideration and participate in social events and problems.

There are several reasons to explain why corporations need to hold responsibility for social concerns. Initially, it is undeniable that if companies want to gain further success, they should widen their reputations and their range of clients. To exemplify, as today, a myriad of areas are still undeveloped and not yet get enough support and financial aid in order to improve their living standards, hence, companies should spend their profit on these poor areas or donate to charities to help them in terms of finance and food supplements. For example, many big corporations in Viet Nam such as Vincom or ComVin did use their money to invest in the facilities and supply the residents with food and drink to help them overcome poverty and difficulties. These actions are highly encouraged and attract many people, which can help the companies to obtain fame as well as to enlarge the number of consumers.

Furthermore, the environment is estimated to become increasingly worsen and damaged by the human. Therefore, companies ought to collaborate to curb environmental problems such as climate change or rising sea levels. They need to mitigate the pollution by making research or investment on the transformation of fuel or installments such as solar panels to be more environmentally friendly.

However, there are also some factors that support the conviction that businesses only need to pay attention to their profitability. To begin, it is without doubt that money plays an important role in people’s lives, especially in business. Besides, the job market is increasingly competitive and hard to succeed, companies are supposed to enhance their economy and profit in order to survive and administrate the whole organization. They need money to pay for their investors, otherwise, they may be in debt, additionally, they are obligated to pay salaries for their employees. For that reason, money may be the most essential goal for them.

In conclusion, regardless of the importance of money in a company, I aver that not only do they need to concern about their profitable aspects, they should also pay attention to other problems.