A company is going to give some money either to support the arts or to protect the environmnet. Which do you think the company should choose?
Both arts and environment are imperative components of people's lives, which many companies try to pursue. Whether donating fund to support arts or to preserve the environment raise many questions. However, considering the synergy effect that the preservation of traditional art and supportive fund to the prominent young artists, I believe that the company should give its money to promote arts. My example of Carnegie Hall and company's image bolster my opinion to be true.
First, giving money to support the arts can promote young artists to develop to be the virtuosos. Often, young artists do not have enough money to purchase adequate supplies or to rent a hall for their recitals. However, if a company can provide some monetary fund to those tomorrow’s artistic geniuses, they will be able to enlighten the field of music and fine art in the future. For example, Andrew Carnegie, an American entrepreneur in the early twentieth century built numerous concert halls and provided monetary fund to many artists as a way of advocating arts. As a result, he and his corporation were able to endow extraordinary opportunities to not only many young artists but also the people who later appreciated their artistic performances. Therefore, company’s expenditure toward the future's art was beneficial for the people in general.
Moreover, when companies spend money for the arts, they can be benefited economically. Although some might think that this attempt to pursue arts might be superficial, I maintain that it shows company's commitment toward the common values in which people can find connections toward the company. As a company which follows the capitalistic theory, anything that a company does should bring some marketing effect, and consumers’ curiosity and interest are significant for their company's future. Many companies have art exhibitions or music performances in order to promote their images. For instance, Samsung, a international corporation, was able to actually elevate the company's image and raise the marketing profit by opening art shows all around the world. People instinctively appreciate art, so companies should catch the consumers' taste in order to make more profits.
As mentioned above, it is advantageous for the company to spend its money to support arts. Showing commitment to arts ingenerates limitless profits for the company, and for the people by growing more artists as well as making profits. Therefore, the company's budget should be geared toward the arts.
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