Corporate Social Responsibility: Importance and Impact on Business Operations

Individual Essay

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK...............................................................................................................................................3
Corporate social responsibility....................................................................................................3
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Corporate social responsibility will termed to the standardised managerial manner that will
support the business of management to be responsible for society that involves stockholders and
public viewers. By involving the management in CSR, it will support them in increasing
environment and society in terms of contributing vice versa (Ani, 2021). By following CSR,
management will get effected on all sections of society regarding social, economic and
environmental. The following report will covers the manner of corporate social responsibility
that will not apprehend with what the management is doing for maintaining their profitability and
productivity.
TASK
Corporate social responsibility
The corporate social responsibility is the major function of the business which tends a
business to promote social welfare. It is important for a business to perform corporate social
responsibility for development of weaker sections of the society. In the recent times The
importance of corporate social responsibility is increasing day by day in corporate world. It is the
main motive of a company to deliver best social work with the revenue and profit. The role of
corporate social responsibility is important for a business entity. Government of United Kingdom
has also made it compulsory for the business firms to develop and check corporate social
responsibility for the welfare of individual and society. It is also important for the company to
provide education and health facilities (García-Sánchez, Rodríguez-Ariza, and Granada-
Abarzuza, 2021). ASDA should focus on regularly providing corporate social responsibility in
order to develop social work in the organisation. It is major responsibility of human resource and
financial management to support functions related to corporate social growth. It is major
responsibility of a business organisation to develop precise business strategy for expansion of
social work in the society.
ASDA should also develop various rules and regulations that are essential for business
growth and development. It is also important for a business to continuously develop a personal
plan which is also effective to gain competitive advantage. According to rules developed by
management of ASDA the corporate social responsibility is a major function system which is
effective in growth and expansion of business. According to the rules and regulations formulated