Social Responsibilities in business Discussion 2022

Running head: MANAGEMENT
Management
Name of the Student:
Name of University:
Author Note

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Introduction
A company should be socially responsible in order to enhance company policies and
reputation. The business environment has changed over the years, which the companies should
pay due attention to, in order to achieve good reputation and recognition in the market, for which
customers will be able to associate with the company more. In order to up their games,
companies are trying to meet the expectations of the society, industry as well as customers. If a
company has good social responsibility and ethical practices, it is more likely to become
sustainable and competent in the market, as compared to others. In this report, business
environment will be analyzed with respect to societal responsibilities and ethics.
Corporate Social Responsibility
The businesses are concentrating on their social responsibilities in order to achieve
sustainability in the business environment. The social responsibilities which are carried out by a
business range between a great activities, at many levels. Some of the companies put emphasis
on protecting the environment, while other focus on empowering women. Some of the
companies even aim at addressing social issues at national, regional or global levels, which
enhance the company and their image at the global front (Vitell, 2015). When a company carries
out the social responsibilities, the customers and shareholders are more likely to find the
company to be attractive and rely. Thus, it yields to positive results, sometimes even enhancing
the profitability o the company.
Corporate Social Responsibility can be defined as the practices which a company does to
achieve sustainability. These practices are carried out to deal with social and environmental
outcomes. Thus, the company takes consideration of various aspects such as community, human

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rights, labor laws, environment safety, societal values and so on. Thus, the operation of the
company conform to the CSR policies, which are adopted by the company (Wang, Tong,
Takeuchi & George, 2016). It, therefore, is very essential for companies to operate as well as
exhibit responsibility towards the society and community, as a whole. A company is not bound
by law to carry out social responsibilities yet, these practices make a company address issues
which include environmental, societal and so on (Tai & Chuang, 2014). Hence, social
responsibilities and these practices are very important to determine success of a company in an
external business environment, as they create an impression or reputation for the company.
These companies are more likely to attract more stakeholders as it is understood from the
practices that the companies are eager to make difference in the world. Bigger companies, with
huge number of employees make great changes and are identified as companies with good
initiatives to make significant difference in the world, which are much needed (Carroll, 2015).
As the strength of these companies are great, collectively, the effort put in by the management
and the employees, result in good outcomes, which are easily recognized by the customers and
enhances productivity of the company. These practices enhances quality and productivity of the
company as well (Amran, Lee & Devi, 2014).The companies which are community oriented
make great difference, with such initiatives as it leads to a creation of great brand image, for
example TESLA. The company is able to attract buyers who are environmentally aware as they
offer automotive products which are efficient to contribute to the cause. The best CSR practices
speak volumes about a company and the eagerness to grow the company.
If a company engages in social responsibility practices towards the employees, they are
most likely to get more motivated and dedicated towards work. The news of good practices
spread very fast and thus, if the employees are motivated, they would feel more protected and