Corporate Social Responsibility | Woolworths Company

Running head: MANAGEMENT
Management
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1MANAGEMENT
Executive Summary
The report has thrown light in analyzing judgment on the Corporate Social Responsibility along
with Business Ethics related practices in Woolworths Company. In the company Woolworths,
the main aspect which has been noticed is that there was wage scandal of Woolworths which
impacted their brand image negatively. In such scenario, the usage of the decision making theory
along with stakeholder theory played a major role in improving the effectiveness of the company
and gain competitiveness in the market. In addition, it has been noticed that Woolworths, in the
current scenario have been capable of gaining high efficiency in the appropriate manner for
improving the appropriateness of the company.

2MANAGEMENT
Table of Contents
Introduction......................................................................................................................................4
Literature Review on Business Ethics and Corporate Social Responsibility of Small and
Multinational Businesses.................................................................................................................4
Historical Background of CSR....................................................................................................4
Conceptualization of Business Ethics and CSR..........................................................................6
Evaluation of Ethics and CSR in case of Woolworths....................................................................7
Analysis of Business Ethics in Woolworths Group.....................................................................7
Analysis of Ethical Issues and Utilize Relevant Models.................................................................7
Analysis of CSR of Woolworths Company.................................................................................8
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

3MANAGEMENT
Topic- Judgment on Implementing the Sustainability and CSR Practices in the Company
Woolworths
Introduction
The report throws light on analyzing as well as criticizing of not implementing
sustainability and practices related to CSR in Woolworths Company. The main aim and purpose
of the report is to understand the importance of the CSR and business ethics in multinational
businesses. As commented by Baumane-Vitolina, Cals and Sumilo (2016), the social
responsibility and ethics are the crucial elements in the business prospects as it is vital for
achieving success. The corporate social responsibility helps in demonstrating that the businesses
are highly keen in taking care of the wider social issues, rather than the ones which will be
impacting their profitability in the market. Moreover, as commented by Crane, Matten and
Spence (2019), the proper implementation of ethics and CSR helps in attracting the different
customers who take proper interest and share same kind of values. The report will be dealing
with the Woolworths Company which previously did not follow the sustainability practices and
it impacted their business to a great extent.
Literature Review on Business Ethics and Corporate Social Responsibility of Small and
Multinational Businesses
Historical Background of CSR
As commented by Cui, Jo and Na (2018), Corporate Social Responsibility is when the
organization operates in the ethical as well as sustainable manner and deals with environmental
and social impacts. It means the careful consideration of the different human rights, community,