Some people believe that corporations have a responsibility to promote the well-being of the societies and environments in which they operate.
Others believe that the only responsibility of corporations, provided they operate within the law, is to make as much money as possible.
Write a response in which you discuss which view more closely aligns with your own position and explain your reasoning for the position you take. In developing and supporting your position, you should address both of the views presented.
I believe that corporations should have the social and environmental responsibilities along with their duties to enrich their shareholders. Companies, just like humans, take part in society and share the resources that we all use on this planet. Taking a helpful role in society as well as promoting the well-being of the environment on Earth is almost necessary in this day and age for a corporation to be socially accepted. In this day and age, taking on only a myopic view to focus only on the monetary gains can be viewed extremely negatively, which possibly would be damaging to a company image, thus hurting profitability prospects due to the public boycotting of their products or services. As a result, corporations operating in the 21st century should take a holistic approach on social and environmental responsibility, even if all they care about is the money.
In regards to social responsibility, it is critical for a firm to consider their actions carefully. Just like citizens of the Earth, corporations should have the duty of promoting a peaceful and healthy society. One example is with the pharmaceutical industry. Initially, it seems to be a smart business decision to raise the price for a pharmaceutical company's patented drug considering an inelastic demand curve, meaning a strong demand regardless of the price. However, as one can see in popular news today, certain pharmaceutical companies have gone overboard and raised the prices of their important drugs by thousands of percent and has been accused by Hillary Clinton for their inappropriate actions. Those drugs could save lives if they were sold at a lower price, but the company chose to thinking only about their profits. As a result, the brand image of the pharmaceutical company was hurt significantly, and their profits shrank as a result of boycotting and legal fines.
Moving on to environmental responsibility, a clear example is the impact of selling cars that are dangerous to the environment. For one, KIA had claimed to meet environmental regulatory standards for their cars. However, in the later years, it was revealed that they actually had fudged their numbers and had not met these fundamental safety standards. In turn, there was a strong dislike for their brand among environmentally and socially conscious consumers, therefore hurting their sales.
Finally, in the opposite view, with only a focus on profits can lead a corporation to fall into the many traps that was mentioned above. It is easy to only focus on profits, but to build a strong, successful company that lasts the test of time, it is vital to build a foundation of social and environmental ethics that is promoted throughout the firm.
In the end, social and environmental responsibilities are necessary to create strong profits, year after year. To only consider profits without a overarching view of society and environment can lead to devastating results of social exclusion and extreme legal fees. In conclusion, it is better to focus on the whole picture, even if profits is the main goal.
- The following appeared in a memorandum from the owner of Movies Galore, a chain of video rental stores.“In order to reverse the recent decline in our profits, we must reduce operating expenses at Movies Galore’s ten video rental stores. Since we are f 58
- A nation should require all of its students to study the same national curriculum until they enter college.Write a response in which you discuss the extent to which you agree or disagree with the recommendation and explain your reasoning for the position 58
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- The following is a memorandum from the business manager of a television station.“Over the past year, our late-night news program has devoted increased time to national news and less time to weather and local news. During this time period, most of the co 75
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Grammar and spelling errors:
Line 3, column 1, Rule ID: IN_REGARD_TO[1]
Message: Use simply 'regarding' or 'with regard to'.
Suggestion: Regarding; With regard to
...if all they care about is the money. In regards to social responsibility, it is critical f...
^^^^^^^^^^^^^
Line 9, column 145, Rule ID: EN_A_VS_AN
Message: Use 'an' instead of 'a' if the following word starts with a vowel sound, e.g. 'an article', 'an hour'
Suggestion: an
... year. To only consider profits without a overarching view of society and environ...
^
Discourse Markers used:
['actually', 'but', 'finally', 'however', 'if', 'so', 'therefore', 'thus', 'well', 'in conclusion', 'as a result', 'as well as', 'on the whole']
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance in Part of Speech:
Nouns: 0.22965641953 0.240241500013 96% => OK
Verbs: 0.150090415913 0.157235817809 95% => OK
Adjectives: 0.0976491862568 0.0880659088768 111% => OK
Adverbs: 0.0542495479204 0.0497285424764 109% => OK
Pronouns: 0.0415913200723 0.0444667217837 94% => OK
Prepositions: 0.126582278481 0.12292977631 103% => OK
Participles: 0.0542495479204 0.0406280797675 134% => OK
Conjunctions: 3.12270457447 2.79330140395 112% => OK
Infinitives: 0.0379746835443 0.030933414821 123% => OK
Particles: 0.0 0.0016655270985 0% => OK
Determiners: 0.101265822785 0.0997080785238 102% => OK
Modal_auxiliary: 0.0162748643761 0.0249443105267 65% => OK
WH_determiners: 0.00904159132007 0.0148568991511 61% => OK
Vocabulary words and sentences:
No of characters: 3074.0 2732.02544248 113% => OK
No of words: 501.0 452.878318584 111% => OK
Chars per words: 6.13572854291 6.0361032391 102% => OK
Fourth root words length: 4.73107062784 4.58838876751 103% => OK
words length more than 5 chars: 0.367265469062 0.366273622748 100% => OK
words length more than 6 chars: 0.279441117764 0.280924506359 99% => OK
words length more than 7 chars: 0.199600798403 0.200843997647 99% => OK
words length more than 8 chars: 0.137724550898 0.132149295362 104% => OK
Word Length SD: 3.12270457447 2.79330140395 112% => OK
Unique words: 256.0 219.290929204 117% => OK
Unique words percentage: 0.510978043912 0.48968727796 104% => OK
Word variations: 60.6133303495 55.4138127331 109% => OK
How many sentences: 21.0 20.6194690265 102% => OK
Sentence length: 23.8571428571 23.380412469 102% => OK
Sentence length SD: 52.7536094562 59.4972553346 89% => OK
Chars per sentence: 146.380952381 141.124799967 104% => OK
Words per sentence: 23.8571428571 23.380412469 102% => OK
Discourse Markers: 0.619047619048 0.674092028746 92% => OK
Paragraphs: 5.0 4.94800884956 101% => OK
Language errors: 2.0 5.21349557522 38% => OK
Readability: 51.8012546336 51.4728631049 101% => OK
Elegance: 1.66911764706 1.64882698954 101% => OK
Coherence and Cohesion:
Essay topic to essay body coherence: 0.479225605632 0.391690518653 122% => OK
Sentence sentence coherence: 0.0997130197608 0.123202303941 81% => OK
Sentence sentence coherence SD: 0.0578923756726 0.077325440228 75% => OK
Sentence paragraph coherence: 0.521654034408 0.547984918172 95% => OK
Sentence paragraph coherence SD: 0.120149336175 0.149214159877 81% => OK
Sentence topic coherence: 0.184460707608 0.161403998019 114% => OK
Sentence topic coherence SD: 0.0777173362425 0.0892212321368 87% => OK
Paragraph paragraph coherence: 0.38495596138 0.385218514788 100% => OK
Paragraph paragraph coherence SD: 0.0801342414892 0.0692045440612 116% => OK
Paragraph topic coherence: 0.319329722459 0.275328986314 116% => OK
Paragraph topic coherence SD: 0.0676049453218 0.0653680567796 103% => OK
Task Achievement:
Sentences with positive sentiment : 12.0 10.4325221239 115% => OK
Sentences with negative sentiment : 7.0 5.30420353982 132% => OK
Sentences with neutral sentiment: 2.0 4.88274336283 41% => OK
Positive topic words: 11.0 7.22455752212 152% => OK
Negative topic words: 3.0 3.66592920354 82% => OK
Neutral topic words: 0.0 2.70907079646 0% => More neutral topic words wanted.
Total topic words: 14.0 13.5995575221 103% => OK
What are sentences with positive/Negative/neutral sentiment?
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Rates: 83.33 out of 100
Scores by essay e-grader: 5.0 Out of 6
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Note: This is not the final score. The e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.