A business's only responsibility is to produce profit. To what Essay

A business&aposs only responsibility is to produce profit. To what extent do you agree with this statement - Essay Example15). A business should maximize on value quite a than profits as explained by Blodget (2012).Involvement in CRS is expensive but it has a high long advantage to the business. Providing incentives to employees is not a waste of resources by the management. Considering the workers social welfare is important to boost the morale of employees. Employees, if hearty motivate, perform high-quality tasks that can attract more customers, rewarding to the stakeholders and so make the business sustainable. It may point draw new employees with a high level of skills.On the other hand, failure to consider employees welfare results to unique situations that may scare other stakeholders from associating with the business. Besides, it is important for the business to consider environmental obligations as they do production. Environment conservation policies benefit humans. F or instance, the regulations aim to reduce pollutants to the environment. Every country or trade component part has it set regulations on environmental factors that businesses should consider in its operations. Failure to consider the rules in its operations, the business is possible to face criticism. Further, it may influence smooth functioning of the business and its profitability. An example is the case of Coca-Cola Companys failure to ensure standards set by the Americas Environment Protection Agency. Early in the 2000s, failure to consider strict environmental policy threatened the Coca-Cola Company. The company used non-environmental friendly moldable bottles, for a long time the company was on poor terms with the government or the U.S.A. though it may be expensive for the business to adhere to the regulations, they are very critical for the sustainability of the enterprise and endurance of other sectors of the economy.Adhering to the CSR is important to keep a good relat ionship with the stakeholders and so for the