Issue 1: Are Profits The Only Business Of Business? Essay - 1,286 words

Issue 1: Are Profits the Only Business of Business? I. Introduction and background. For many centuries there existed an argument of what the main purpose of large companies and corporations was. Some people believed that the purpose was to make as much money as one possibly can. At the same time others believed that the purpose was to engage in the lives of the individual communities where these companies operated. In the following paper I am going to present the two sides of the argument: the one that claims that profits should be the only concern of businesses and the other one that believes that the profits should not be the only concern of people.


II. Summarize(in your own words) the arguments for each side side 1(Yes): The business organization should be concerned with profits just because this is what it is created for. Unlike hospital that deals with the sick, schools that deal with the education, courts that deal with the laws, governments that deal with the politics and churches that deal with religion/god, businesses should deal with money and profits. if the profits are the only concern of a business, then the business is able to share these profits with individuals that are employed in that business and in exchange to obtain their labor. When shared profits could then provide people with different opportunities as to where to live, what to do, and how to spend ones time. Without profits people would not have as many choices and opportunities. When businesses are concerned with profits only, they start to think of the ways to make these profits and thus positively influence the society.


Do you think Viagra was created to help men have longer erections? No, I bet it was created for the purpose of making money. Do you think that Windows XP or the Microsoft Office was created to be so easy to use (compared to Mac or Unix products) to make people around the world feel happy and smart? No, they were created to make profits. In other words, on their way to make profits, the businesses already benefit the society. side 2(No): When thinking about profits only the businesses may fail to respect unalienable human rights. For instance the Cigarette producers in their attempt to make profit do not think about millions of deaths each year because of the lung cancer. The producers of alcohol do not think about thousands of lives lost due to drunk driving.


Also one does not even think to blame the alcohol producers (concerned with profits) for the family problems, handicapped children of alcoholics, and for domestic violence. Thinking about profits makes these companies insensitive to individual needs. when chasing the profits only the companies might fail to think about the future yet concentrating only on short term. In other words, the green house effect that is caused by various industries in the world that might lead to drastic environmental changes (the recent floods, fires, etc in California might not be accidental) is never discussed in the company that directly causes it. Because if the company installs a special filtering equipment it is going to receive less profits. when chasing profits the companies need to only formally adhere to the basic government regulations.


Thus, as long as there does not exist any government regulation, the companies might abuse it. For instance many of the US chemical producers who find some of the pesticides/fertilizers banned in the USA in order not to invest additional money (and thus lose profit) in production continue to produce these chemicals in the USA yet export them to the countries with less stringer requirements. III. Present (in your own words) the strong points of both sides. side 1 (Yes): The companies innovate and bring progres ...................................................................................................................................................................................................................................................................................................................................................................

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Essay Tags: nuclear power, make money, lung cancer, government regulation, drug

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