Why it pays to be socially responsible in business

Why it pays to be socially
responsible in business.

TABLE OF CONTENTS.
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................5
Describing the purpose of critical thinking.................................................................................5
Evaluating the ideas based on the research:................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
This report is based on the case study related to the CSR that can be define as corporate
social responsibility practice that company has to fulfil in order to protect the environment. This
policy aims to contribute to achieve the social goals in order to sustain in the business
environment (Hur, Moon and Kim, 2020). The mentioned case study has discussed most of the
company a feel pressure to become more environmental responsible and accountable to their
shareholders for conducting the business more ethical. Moreover, CSR is increasing at the rapid
rate in the business environment and becoming more influential the way company operates and
affecting the business model and strategy. Along with this, Corporate Social Responsibility
benefit the organization in increasing the revenue and sustainability as well as growth in
customer loyalty that contributes in increasing the finance of the company.
Furthermore, in the case study it was identified by the analyst that many organizations are
destroying their shareholder’s income as well as customer can identify the position of the
business in the market by checking the contribution of the firm for society. In addition to this, the
case study has also described the characteristics of the company that being environmentally and
socially responsible. The present report will discuss on the purpose of critical thinking that can
be define as disciplined process that helps individual in analysing, applying, synthesizing and
evaluating the information that has been gather from various sources. Moreover, it can be state
as an ability of an individual for investigating the facts and figure in order to make out the
judgement.
The main purpose of critical thinking is to understand the case study as well as make the
rational judgement. As well as it allows individual in performing the research in order to find the
appropriate solution regarding the problem face by companies that are feeling pressurized for
following CSR. There is example in the case study that role of business in becoming more
important in the business compare to the government. Furthermore, there organization can
create positive impact on the environment if its motto, vision and strategies are in the right place.
Although, the person with critical thinking ability will be able to easily understand the case
study. Lastly, the report will throw light on ideas expresses in the quoted case study.