Do you agree or disagree that companies have a social responsibility to give back to their communities and support local initiatives?

Model essay by Lifestyle Training Centre

It is a fundamental question that whether business entities should solely focus on profit making or they should also aid the communities that they are located in and help them develop. I firmly believe that businesses should help uplifting people in their surroundings. In this essay, I will delve into the ethical and practical reasons behind this notion.  

Firstly, businesses are supposed to bring prosperity to a society in many ways. One of the primary ways in which a business can help a community is by offering jobs to the locals. In this way, companies will be able to marginalise or completely wipe out unemployment from the areas they are located. One of the fine examples of this is none other than the renowned Tata motors business in India, which has not only marked its name globally but also has uplifted the lives of its employees, providing them housing and free education, has also totally transformed the places their companies are located by making roads and bring in various infrastructures.

Secondly, it is suggested that big companies should also uplift sprouting and small scale industries, businesses as well individuals. This can be achieved by delegating a portion of work to these small entities. Many well-known businesses practice this in reality. For example, a car manufacturing company can assign it’s leather production to a local business. By doing so, it not only reduces its workload but also facilitates the growth of dependent small-scale businesses.

To conclude, business entities, apart from making profit for themselves, should also aim to bring prosperity to their community by offering job vacancies, bringing in infrastructures, and by delegating their works to small scale and upcoming businesses. By working together in this way, we will be able to make the world a better place where businesses and communities are interconnected and take part in the benefit from it from each other.