Original state:
The purpose of businesses is to make money and they should concentrate only on this.
Nowadays, globalisation leads large number of companies in global market competition. While, the aim of the firm is to have profitability and they should only focus on this. Despite make money is essential for company, i tend to disagree in this point of view.
Company always dealing on profit. It is mainly because as business the businessman have to earn a lot of money from company activities to operate their business and expand the production. For example, a businessman need much money to build the company and if it does not has profit enough, based on the business theory that is impossible as businessman can broaden their firm. As a result, without profit the firm overtime will collapse and get rid of from global market competition so focus on making money to keep exist the company is critical for company.
However, in business operation many factors should be considered by company, because firm cannot survive if they only focus on making money. For illustrates, consumers go away from the product of the company because the firm does not consider about consumer need and costumer service or the rate of selling product decline caused by the company does not promote their product. In addition, the company can be banned by society if it does not care with public attention such as environment issue which is caused by factory activities so the firm should consider about others aspects such as marketing, costumer service, or corporate social responsibility beside profitability.
To sum up, only focus on profitability is not best decision to company because to survive in global market competition the firm should consider many aspects.
The purpose of businesses is to make money and they should concentrate only on this.
Nowadays, globalisation leads large number of companies in global market competition. While, the aim of the firm is to have profitability and they should only focus on this. Despite make money is essential for company, i tend to disagree in this point of view.
Company always dealing on profit. It is mainly because as business the businessman have to earn a lot of money from company activities to operate their business and expand the production. For example, a businessman need much money to build the company and if it does not has profit enough, based on the business theory that is impossible as businessman can broaden their firm. As a result, without profit the firm overtime will collapse and get rid of from global market competition so focus on making money to keep exist the company is critical for company.
However, in business operation many factors should be considered by company, because firm cannot survive if they only focus on making money. For illustrates, consumers go away from the product of the company because the firm does not consider about consumer need and costumer service or the rate of selling product decline caused by the company does not promote their product. In addition, the company can be banned by society if it does not care with public attention such as environment issue which is caused by factory activities so the firm should consider about others aspects such as marketing, costumer service, or corporate social responsibility beside profitability.
To sum up, only focus on profitability is not best decision to company because to survive in global market competition the firm should consider many aspects.