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Corporate Social Responsibility of Woolworth

   

Added on  2021-02-19

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ASSESSMENT
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Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3CONCLUSION................................................................................................................................5REFRENCES...................................................................................................................................6
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INTRODUCTIONCorporate Social Responsibility is a broad concept that help the business to boost up theiractivities and benefit the society by establishing strong relation between the employee andemployer. It manages the operation of business by safeguarding the interest of stakeholder inorder to maintain better image and gain sustainable development. For better understandingWoolworths company has been selected whose headquarter is in Australia and perform theoperation in all over the world. Thus, the company conduct retail business and captures hugecustomer base in order to maintain the goodwill by promoting environmental friendly activity(Asif and et. al., 2013). This report include the existing CSR activity which adopted by companyand how it can come up with innovation idea in order to function in Asian market. MAIN BODYThere are various multinational business which operate in various developing as well asdeveloped market. The role of these organisation is not only confined to earn enormous amountof profitability but it also take the responsibility to function for the welfare of environment,society as well as employees. This enhances the image of company within public and help tobind long term relation with internal and external stakeholder. As Woolworth company performbusiness all over the world with the help of its physical retail store or online business so it isessential to run the CSR programme and work for the unprivileged part of society to gain betterposition. Aim of company The aim of Woolworth company is to widen up its market share by expand thesupermarket business within emerging economies which can be the potential market for firm andhelp them to enhance their profitability ratio (Crane, Matten and Spence, 2019). Thus, thecompany can strengthen its image in Asian market by offering varieties of product to customerand promote the CSR activity to build better experience of audience. CompanyWoolworth group prepare several strategies like Corporate Social Responsibility 2020where the internal management continuously makes desirable strategy for the effectivefunctioning of business. For instance, the company works for healthy planet and in order to doso it works for the zero wastage of food by delivering the over stock to unprivileged part of
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