Corporate Social Responsibility and Its Different Aspects

Business law and
Ethics(Assignment 2)

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY (Individual Report)...................................................................................................3
Corporate social responsibility encompasses not only what companies do with their profits,
but also how they make them. It goes beyond philanthropy and compliance.............................3
Addresses how companies manage their economic, social, and environmental ........................4
Relationships in all key spheres of influence: the workplace, the marketplace, the supply
chain, the community, and the public policy realm....................................................................5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business laws and ethics are those legislation which is been passed in order to maintain
balance within organisations various process that makes operations of business handled with
efficiency. In business law mainly formation process related to business organization is been
covered. Further the laws has been helping in making smooth working of business possible
through enhancing its various aspects. Also business law is focused upon creating framework
making an business organization work in the direction of achieving goals and objectives set by
an organization. Ethics relates to those standards and regulation that makes discipline and order
maintained within an organization. It is been covered within ethical code of conduct making an
organization attain stability within its growth. Scope and nature of these laws are wider as they
directly affects business environment in more effective way. In this report things covered is
based upon Corporate Social Responsibility with its different aspects.
MAIN BODY (Individual Report)
Corporate social responsibility encompasses not only what companies do with their profits, but
also how they make them. It goes beyond philanthropy and compliance.
Corporate social responsibility (CSR) is related to those responsibility which makes an
organization develop social responsibility of an organization towards society(Pereira, Bhat and
Hans, 2020). This is mainly based over social accountability that is been hold by an organization
towards the country and individuals living within it. As per the practices aspects like social,
economic and environmental responsibility of been achieved through organizations societal
approach. After engaging over CSR an organization requires to achieve operations which is
based upon making organizations operations enhanced within society that makes positive
contribution made. Further the concept of social responsibility is broader which leads upon
making positive contribution of an organization in different forms of social working taking place
within an organization(Matten and Moon, 2020). CSR helps an organization develop goodwill
within market which makes sustainability attained through growth. The concept is one of the
most important part of an organization that makes organization attain higher value over different
elements existing in an organization. This responsibility leads towards increasing organization
capacity over social work. Also such responsibility helps in making internal and external factors
of organization uplifted by making employer and employee relationship more strong in nature.