Carrying out as much outcome as
possible is defined as the primary purpose of the business. The community, on
the other hands, is a playground where different individuals with different
interests and values interact with one another as a proper member of society.
For companies, the local community is
their playground where their profits come from.
At this point whether or not the benefits come from the expansion of big business in the local community outweigh its disadvantage
has become a frequent topic of people’s debate. When considering several
circumstances, it is apparent that sudden inflow of major companies is not only
harm to the community but also unfair to the local business.
Business, which is run by fair competition based on one’s
capability, is the foundation of today’s capitalistic society. Unfortunately,
however, it is doubtful if fairness can
be guaranteed when it comes to the competition between small local business and
large ones that are so-called chaebol. To
ensure fair playground, although
government can minimize financial gaps between the local and big business, however, it is realistically
impossible as the gaps are already irreversible. In this regard, the bankruptcies
of small business are inevitable, and the
consequences are very likely to affect the community negatively. About this
phenomenon, some people, however, hold positive stance by insisting that the
competition will influence the society positively by reducing the price of the
products while their qualities improve. Unfortunately, however, because those profits are spent elsewhere
rather than the community disproves their assertion. In other words, the success of large companies in local society
will eliminate valuable opportunities to develop the society by hindering
circulation of money.
The shutdown
of local businesses will incur employment
issues. Local businesses are the main entities that are involved in the domestic consumption. If theses consumers
become bankrupt, therefore, the community will lose the propeller of its economy
as the consumption capacities diminish. Even if the growth of conglomerates in
local community might seem advantageous regarding
job creation, it may trigger critical effects on the local economy in long-run. To be specific, as the revenue
accumulated from the community is transferred
to the headquarters located in the different
region, the investment value of the society will be reduced gradually. As a result, the local community will lose
potential investment or inflows of foreign capitals at the same time with the reduction of employment opportunities. To
make matters worse, if the large company withdraws its business in the local
community when it concludes that the community is no longer worth-investing, the damages that the community
will have to take is phenomenal.
To sum up, a dramatic expansion of large enterprises should be regulated as it is likely to affect
the society in many ways. In long-run, as the decline of small local business
will trigger tremendous loss of employment opportunities and development
potentials, it is absurd to assert to disagree with the assertion that the
closure of local business will lead to the death of the community.