Sunday, 4 March 2007
Is business just about making profits?
In this socially and environmentally aware age, it is hard to think businesses are out just to make profits with the amount of companies and organisations who talk about and practice corporate social responsibility (CSR) today. Yet there are still conflicting views about whether business is essentially about making profits and whether their profit motive does not clash with their corporate social responsibility agenda. What do you think? This is essentially what the debate on this blog is all about. please feel free to give your own opinion. comments and suggestions are most welcomed.
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3 comments:
The pry aim of any business is to make profit. Whatever the CSR activity embarked upon, it is to further the profit drive- like retaining the customers loyalty, maintaining good image etc. So, no balance btw CSR and profit-profit is the actual target.
I believe that of course the aim of any business is to make profit other wise it would have to close. And I believe that CSR does help enhance the business image and its profits. Because Your employees depend on your business. Customers, suppliers and the local community are all affected by the business and what they do. Their products, and the way they make them, have an impact on the environment. So CSR I believe takes all this into account. It isn't about being "right on", or mounting an expensive publicity exercise, it's simply means is to take a responsible attitude towards those around them. Whether clients, community,etc.
Companies that do not practice CRS should be forced to do so. This is because our world is in dire need for sustainable development.
If these companies think moore about now and less about the future what will become of our children?
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