GMAT Essay Topic 616 - "The goal of business should not be to make as big a profit as possible. Instead, business should also concern itself with the well-being of the public." Discuss the extent to which you agree or disagree with the opinion expressed above. Support your point of view with reasons and/or examples from your own experience, observations, or reading.
The extend to which business should concern for the goal of business and the well-being of the pubic involves
The extend to which business should concern for the goal of business and the well-being of the pubic involves the conflicts between the costs and reputation of a company.
In my view,company`s profits take precedence over the good reputation. In the first place,company even can not survive without enough profits. Supposed there is a company with just a little assests which can only produce poor-quality merchants. Even if the company has good reputation,what will be its ends? It will have to close down and claim the bankrupt. Hherefore,it is really vital to get more profit than anything else.Well-being can get after the development, just as the environmental issues in many country. In the second place,the assets owned by a company get the natural interest in getting more profit.
In sum, telling a subordinate how to do a job is rarely the best management approach. Instead, supervisors should assign tasks without directing each step. When employees are left to choose methods for completing work, they will be bolstered by the supervisor`s trust, motivated to greater creativity and inclined to feel accountable for outcomes.
In sum, I agree with the statement up to the point that it validates detailed and even proprietary knowledge as a key to competitiveness. Insofar as the statement sanctions unfair practices, however, following it would be unethical, bad for business, and damaging to the character and reputation of the perpetrator.
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