Work & EmploymentAgree / DisagreeBeginnerHigh Frequency

IELTS Essay: As well as making money, businesses also have a responsibility towards societ...

Prompt

As well as making money, businesses also have a responsibility towards society. To what extent do you agree or disagree?

#corporate_responsibility#stakeholder_accountability#profit_motive#social_impact

Ready?

Write this essay in 40 minutes

Start

✨

Band 7 → 9 — Band 7 argues businesses should contribute to society and provides examples; Band 9 examines why businesses have limited social responsibility incentives absent regulation, discussing market failures and policy options.

PRO

Essay #635 — part of the Pro library

The first 30 Task 2 essays are free. Upgrade to Pro to read this one plus the full Pro essay library.

Upgrade

Key concepts in this essay

shareholder primacy vs stakeholder models
externalities and internalizing social costs
regulation vs voluntary corporate social responsibility
long-term vs short-term value creation

Pitfalls the model essay avoids

Presenting business and social responsibility as inherently opposed (ignoring that they can align)
Vague claims about responsibility without addressing feasibility or who determines what's 'responsible'
Ignoring that market competition may penalize socially irresponsible behavior

Next in Work & Employment

See all →