book

Businesses and Making Profits

21 Pages 767 Words 1557 Views

In this day and age, companies undoubtedly play a pivotal role, thanks to the contributions of some of the great minds in history. Many adamantly conceive that making revenue is the most important concern of businesses, meaning corporations should do their utmost to make more money in order to stay afloat and avoid going bankrupt. All in all, the perception that businesses should do anything to make a profit has some merit and rings true to the ears of some individuals. However, in my humble opinion, “too much of a good thing is bad” and industries should not be blinded by the feat of making more cash for the following reasons. First and foremost, the majority of individuals would agree with the notion that doing anything and everything in order to profit can engender a myriad of disadvantages for companies. This is mainly due to the fact that many businesses have already been caught red-handed when doing illegal activities in recent history. When something like this occurs, companies not only need to pay heavy fines for their wrongdoings but also must deal with the negative repercussions of their actions. In other words, not complying with the law or committing crimes to save money and profit hurts companies’ images and prestige. To be specific, Toyota, an extremely popular car manufacturing conglomerate in Japan, had to recall all of its already sold Toyota Camrys a few years ago. This thriving company admitted to cutting corners and working carelessly, a mistake that created serious problems for lots of drivers who unknowingly purchased its vehicles. Long story short, Toyota had to reimburse each and every one of its consumers, who bought a Toyota Camry that year, and faced lots of unwanted and negative publicity. Additionally, the fact that people frown upon industries that illegally make revenue can be further emphasized by businesses that employ child laborers. When consumers are aware of the fact that a certain brand hires

Read Full Essay