CSR Practices of a Retail Store

CSR Practices of a Retail Store 0
Title: CSR Practices of a Retail Store
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CSR Practices of a Retail Store 1
Executive Summary
This report summarizes the introduction on Corporate Social Responsibility and the key
ethical and CSR implications facing YOH Jacket Ltd moving towards opening these
international markets within China, India, and Russia. A description has been provided on the
implications of the proposed expansion in terms of the web-based nature associated with doing
business in China, India, and Russia. A brief overview has been provided on the potential impact
on the Venture Capital Company followed by a conclusion.
Contents

CSR Practices of a Retail Store 2
1.0 Introduction................................................................................................................................3
2.0 Findings.....................................................................................................................................4
2.1 Key ethical and CSR Implications.......................................................................................................4
2.2 What Are the Implications of the Proposed Expansion?....................................................................9
2.3 The Potential Impact of Venture Capital Company..........................................................................14
3.0 Conclusion...............................................................................................................................16
4.0 Recommendations....................................................................................................................16
References......................................................................................................................................18

CSR Practices of a Retail Store 3
1.0 Introduction
CSR is referred to as a critical aspect of every enterprise, including YOH jackets Ltd. The
stakeholder approach uses shared value and provides customers with appropriate access to
affordable products. The stakeholder approach towards social responsibility is targeted to create
new jobs and business ladders for associates. The YOH jackets Ltd helps suppliers to grow the
businesses and support community. The business must be conducted in a manner that can
improve economic opportunity and encourages social sustainability. YOH jackets Ltd has set
ambitious plans through which it creates zero waste and sells products that are sustainable to the
environment. The noteworthy steps of YOH jackets Ltd are targeted towards supply chain efforts
which improve its social, economic and environmental impact. The company has made its
commitment to meeting with customer expectations. YOH jackets Ltd has decided to lay
emphasis on economic, legal, ethical and discretionary efforts in the domain of retail
opportunity. YOH jackets Ltd has decided to align with core competencies. At present, the
company has a specialist name worldwide and has more than 10 years of experience in
employing front line employees. The company has addressed employing and retention challenges
which are integrated with internal experience and knowledge. The noteworthy insights from
shareholders are taken into consideration with due efforts on continually effective elucidations.
YOH jackets Ltd position can be changed as YOH jackets have been investing in disseminating
and codifying the different range of retailer's practices through entry-level talent.

CSR Practices of a Retail Store 4
2.0 Findings
2.1 Key Ethical and CSR Implications
YOH jackets Ltd is massively focused towards the improvement of sustainability of
supply chains and production operations for the people. The company is focused on the creation
of strong communities. Research ethics will be involving the requirements of daily work and the
protection of dignity of vase areas and information publication in the research. Most of the
societies have legal implications which will govern the behavior, but ethical trends needs to be
broader and more informal when compared with laws (Harjoto, 2017).
Corporate Social Responsibility-This is an automatic model which helps the assembling
and administration ventures to be socially responsible towards its partners and network. In the
present setting, businesses need to communicate human rights through social corporate
responsibility acts. CSR can be viewed as a binding accord which emphasizes the responsibilities
in informed communities. The efforts made by legal processes are too hard to be realized. The
international instrument must be able to regulate the social impacts on global enterprises
(Jeffrey, Rosenberg and McCabe, 2018). The digital rights must be presented to self-regulate the
industry and must be in compliance with the international standards of corporate governance.
Businesses need to respect human rights and an agreement must be proposed to regulate the
transnational companies. In order to enjoy corporate rights, the concrete steps are required to be
taken (Trong Tuan, 2012). The business enterprises have a certain responsibility towards the
protection of human rights. Indicators which are used for the comparison and ranking of the
performance of different states within a system must be able to measure the impacts. These
indicators can help business enterprises incorporating reputation rewards and risks. The business
must continue to escalate and must meet with the demands relevant to human rights. The

CSR Practices of a Retail Store 5
international advocates must use digital ranking systems for evaluating the communications
technology and major information about the world. Corporate Social Responsibility is a form of
competitive edge provided to the enterprises and/or manufacturing companies which merge
environmental and social variables with business functionalities. The corporate social
responsibility practice is undertaken at manufacturing and service units to manage the brand
image. This is done at the local community's level (Onkila, 2013).
Corporate Social Responsibility is practiced through the manufacturing and service
industries in a developing world. There are private manufacturing and service industries which
are set up as the result of CSR activities. The term CSR has been derived by the Merrick Dodd.
This activity has been made compulsory for the manufacturing and service organizations which
have a turnover of Rs. 1000 Crores or more (Seto-Pamies, 2013). The concept behind corporate
social responsibility is voluntary charitable actions which are undertaken beyond the legal
requirements. There are a number of firms that are involved in CSR activities. The
manufacturing companies are making an expenditure for a clean environment. Corporate social
responsibility must act as the strategic plan for the enterprise, but shall not be considered the
charity (Michaels and Gruning, 2018).
The corporate social responsibilities are set up to meet with the legal obligation as
decided by the Governmental bodies. The manufacturing companies are implementing growth
models which can sustain the business continuity and renewable energy resources (Hinson and
Ndhlovu, 2011).
The key ethical issues are enumerated below-
1. Corporate Governance-This can be termed as a set of rules and systems that involves
balancing the interests of management and society at large. In the present article on CSR