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Corporate Social Responsibility (CSR)

The importance of CSR and why businesses should practice it, with examples from Tesco and analysis based on Carroll's pyramid.

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Added on  2022-08-16

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Corporate Social Responsibility (CSR)

The importance of CSR and why businesses should practice it, with examples from Tesco and analysis based on Carroll's pyramid.

   Added on 2022-08-16

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CORPORATE SOCIAL
RESPONSIBILITY
Corporate Social Responsibility (CSR)_1
Introduction
Corporate social responsibility or
CSR is how organizations manage
overall business processes to
produce a positive effect on
society.
CSR helps a business to remain
socially accountable.
CSR must be considered because it
helps to provide value to
stakeholders.
Corporate Social Responsibility (CSR)_2
Defining CSR
CSR stands for Corporate Social
responsibility and it can be defined
as a self-regulating business model.
Stakeholders of business contribute
to addressing social needs through
different CSR activities (Rosado
and de Mattos 2017).
Corporate Social Responsibility (CSR)_3
Impact of CSR on stakeholders
CSR helps to increase image
among target customers (El-
Kassar et al. 2017).
Loyalty of customers increases
after successful implementation
of CSR.
CSR boosts morale of employees
and motivates them to perform
better.
Corporate Social Responsibility (CSR)_4

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