In our competitive market economy, to earn
a profit is the ultimate motive and purpose of the commercial enterprise.
Undeniably, nothing is free
in the world, thus profit motive can also be construed as the only underlying
reason why a taxpayer or company participates in business activities of any
kind. It must be determined during the business transactions to determine the
deductibility of any expenses involved.
Profit is something all the
businessmen especially foreign transnational companies strive for when running business. It
is a byproduct of satisfying the needs of their customers. While profit is
needed to stay in business, so long as is a business, every effort must be taken
into consideration to satisfy the needs of the customers. When the customers are
happy and exhibiting that they are well taking care, thus it will result profits.
Most charitable organizations believe that the private sector
is
greedy, often than not, these charitable organizations are unproductive and financially dependable
on private sector.
Political interference in enforcing corporate social
responsibility could jeopolized the normal function of the market and rejected
by efficient profit oriented company including Malay-controlled companies.
It is justified by the joint
research paper titled
“Does race matter in getting an interview? A field experiment of hiring
discrimination in Peninsular Malaysia”, by Universiti Malaya (UM)
senior lecturer in development studies Dr Lee Hwok Aun and Universiti
Kebangsaan Malaysia (UKM) research fellow Dr Muhammed Abdul Khalid.
They
found that in the
engineering industry, Malays were most likely to be rejected by
foreign-controlled companies, followed by Malay-controlled companies and lastly
Chinese-controlled firms. They noted that the racial discrimination was sharper
in engineering jobs than in the accounting or finance sector.
Ironically, it’s claimed by some academicians and economists that it’s the
outcome and negative impact caused by the University intake system.
It’s
reported that Malaysia’s mushrooming local higher education institutions
churned out a total 184,581 graduates last year, according to the latest
statistics released on the Higher Education Ministry’s website. Of that figure,
44,391 people or 24 per cent are unemployed. The Najib administration has set
aside some RM500 million in its Budget 2013 to spend on jobless youths to make
them marketable.
The
question remains: Why 24 per cent of the local graduates are unmarketable?
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