Question

* Should companies be doing more to make the world a better place? Yes or No? Defend your answer in completeness.

Answer 1

My Opinion:

Yes, I ofcourse do feel that Companies have a huge role in making the world a better place.

Reason for my opinion:

In this current era, the number of companies growing are increasing rapidly at a pace and if all the companies are starting their venture with only a profit seeking mind, the entire world is going to be filled with rich people and more misery.

Every companies basic aim is ofcourse going to be profit seeking but along with it,there should also be some social objectives for each companies.It helps in both getting earnings as well can gain the hearts of the society.

And this strategy of considering both the profit and society when running a business is called as the CSR Strategy,i.e, Corporate Social Responsibility Strategy which can make the world a safe place for all the residers.By this strategy, a business would be considering all the factors like environmental and social where the companies can do many contribution like environment friendly activities, charitable activities etc.

In detail :

One way the company can save the world based on the CSR strategy is by giving maximum charity from their profit..This can make the poor side of the world to get comfortable and feel good. Also the company can also provide the items they produce to the lower section of the society.

Another way the every companies using the CSR Strategy is by looking in to the environmnental side of the world where the companies can make different methods to maximum reduce the pollution and at the same time become more aligned with the nature and use eco friendly items.If every companies does this, the pollution rate gets a huge decrease as the more companies gets started, the more pollution gets hiking.

Another main factor is to follow the Business Ethics and stop cheating the customers by doing various adulteration and price discrimination which may not effect rich ones but would effect the lower section of the society.

If all this is considered by a company, then the world would yearn for more companies to get started as they signifies more harmony to the world.

Hence the answer.