Should business be responsible to help society in any way they can?
Should business be responsible to help society in any way they can? For this question, reality will show you the answer. In the present days, corporate social responsibility is drawing high awareness among business sectors. As more and more people around the world think that enterprises have the obligations to help their society, my answer to this subject is partly positive. In the following content, I have two facts to support my view and one disagreement. To which I agree because enterprise is a member of society but they also created social problem through commercial activity. On the other hand, investing in social responsibility will reduce company profit.
As a member of the community, enterprises use all kind of resources to generate profits. Therefore they also have accountability to pay back the society through proactively take part in the social responsibility activities. For example, The Airport Authority Hong Kong held a campaign at Passenger Terminal Building on recycle food wastes to fertilizer with participation by pupils. Result was successful and meaningful because students learn how to reduce landfill burden in Hong Kong.
On the other hand, ventures also created social problems that exist today. One of the problems is they pay labors lower than local living standard and result to extreme disparity between rich and poor. Taking an example, some food business paying part-time employees only sixteen-dollar per hour, which is not even enough to afford a lunch, while the business earn a millions of profit each year. When this situation goes on, the income gap between the advantages and the disadvantages will go far apart. That’s how the extreme disparity between rich and poor is formed. Therefore, it is a bounden duty of enterprise to compensate the society and it is necessary to implement the law of minimum wage in Hong Kong. Another example is the Hong Kong Electric Co. Ltd used some oil-less technology to reduce emission of CO2, which is the
As a member of the community, enterprises use all kind of resources to generate profits. Therefore they also have accountability to pay back the society through proactively take part in the social responsibility activities. For example, The Airport Authority Hong Kong held a campaign at Passenger Terminal Building on recycle food wastes to fertilizer with participation by pupils. Result was successful and meaningful because students learn how to reduce landfill burden in Hong Kong.
On the other hand, ventures also created social problems that exist today. One of the problems is they pay labors lower than local living standard and result to extreme disparity between rich and poor. Taking an example, some food business paying part-time employees only sixteen-dollar per hour, which is not even enough to afford a lunch, while the business earn a millions of profit each year. When this situation goes on, the income gap between the advantages and the disadvantages will go far apart. That’s how the extreme disparity between rich and poor is formed. Therefore, it is a bounden duty of enterprise to compensate the society and it is necessary to implement the law of minimum wage in Hong Kong. Another example is the Hong Kong Electric Co. Ltd used some oil-less technology to reduce emission of CO2, which is the