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The Impact of CSR in Managing SUCCESSFUL Business Project

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Added on  2020-02-12

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For this report the chosen entity is Torchbox which is a digital agency, who designs websites for non profit organisation and charities and other social welfare related entities. TASK 1 1 P1 Clear aims and objectives for implementing CSR in Torchbox A happy client is the major objectives of Torchbox, with this objective they with their talented employees who are tech savvy designed websites which help their clients. For this report the chosen entity is Torchbox which is a digital agency, who designs websites for non profit

The Impact of CSR in Managing SUCCESSFUL Business Project

   Added on 2020-02-12

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MANAGINGSUCCESSFUL BUSINESS PROJECT
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INTRODUCTIONA project management plan is known to be beneficial and a important tool that helps inplanning of the tasks that will help in managing the project. For keeping the project on right trackvarious aids are taken that helps them to achieve the objectives. This report here is based on theimpact of CSR and how its implementation will benefit the organisation. For this report thechosen entity is Torchbox which is a digital agency, who designs websites for non profitorganisation and charities and other social welfare related entities. The number of employeesworking there are 72 and the firm is having a turnover of 3.5 million GBP(Shattock2010). Thisreport focuses on the work of company and its corporate social responsibility activities. Then theobjectives and proper plan will be set so that CSR activities can be implemented. The benefits ofCSR to the company will be discussed here.TASK 1P1 Clear aims and objectives for implementing CSR in TorchboxA happy client is the major objectives of Torchbox, with this objective they with theirtalented employees who are tech savvy designed websites which help their clients. It gives acompetitive edge to them by fulfilling their core objectives. The aims and objectives of the citedentity with reference to the implementation of CSR are enlisted here.Corporate social responsibility is an activity which has been practising in the organistaio and itsa mere act of showing gratitude to the society by doing things for the betterment of the society inwhich they are working. It may include charities , donations, for the betterment of society. Intoday's scenario it has become quite mandatory to have CSR policies which helps in providingbenefit to the society(Eckerson 2010.). This helps in creating a goodwill of the firm in the marketand it helps increasing value of firm in the eyes of its stakeholders. Adequate research andananlysis has been conducted for attainment of set targets.ObjectivesUnderstanding of the roe of CSR analyse importance of CSR for achieving sustainable advantage.For recommending various ways for application of CSR.For the examination of various activities that are going on in the organisation in regardsto corporate social responsibilities.
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Research Questionswhat will be the importance of CSR activities for business organisation?What is the role of CSR activities in the achievement of competitive advantages?State the activities which are to be performed by Torcbox for the fulfilment of CSR?For sustainable development(Keller Parameswaran and Jacob2011), what are the ways inwhich CSR activities can be applied?Steps to be taken by the project manager for implementing CSR are:1.Project Initiation: The top level management set the objectives for the project and aredefined in the detailed manner.2.Planning : Plan of project is constructed, layout of implementing is created here. It willinclude the resources needed and how the whole organisation works is included.3.Implementation: the planned things are put to use in this stage.4.Monitor: when the things has been put to use, they are needed to be monitored so as tosee whether its going as per plan or not and what are the corrective measures needed tobe taken for correction.5.Closing: It is very important that the project closes on time(Smith Binns,andTushman2010), if it is delayed it will add up to the cost and resources.P2 Preparation of project management plan incorporating: costs, scope, time, quality,communication, risk and resources.For performing any work, plan has to be created so that blue print of entire work must becreated in advance. As this plan made in advance gives the path to work in the right directionalong with the fulfilment of objectives and aims. While making the plan, all the crucial andimportant factors are considered and it has been taken care of that no other important things canbe missed out .all the factors like expenditures that will be needed for the accomplishment ofgoals , time frame of project, its scope should be defined, apart from this the need of resourcesfor the project is to be assessed. Arrangement of tools that are needed for communication , riskanalysis of all the possible risks that are related with the project that may have adverse impact onit(Edmonds2011) . A proper and adequate analysis of all these components, will certainly help inmaking the plan a better one. When the risks are known beforehand, corrective measures can betaken which saves the project from failure. To accomplish a project in a desired manner entire
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