Importance of Corporate Social Responsibility for Next Plc

Business Environment

EXECUTIVE SUMMARY
The business environment includes external power conditions and structures outside the
management of the organisation which influence the operation of company. Innovation and
technological development are needed to increase progress and prosperity in the future. The
significance of corporate social responsibility of enterprise and they follow Archie Carroll’s
(1991) CSR model in this project.

Table of Contents
INTRODUCTION.................................................................................................................................4
MAIN BODY........................................................................................................................................4
TASK 1.................................................................................................................................................4
Assess the impacts of innovation and technology and how it has affected the sales, profits and
growth of one of the following companies........................................................................................4
TASK 2.................................................................................................................................................7
Evaluate the importance of Corporate Social Responsibility (CSR) for the same organisation.........7
Explanations of Archie Carroll’s Pyramid of CSR............................................................................8
CONCLUSION...................................................................................................................................10
REFERENCES....................................................................................................................................11

INTRODUCTION
The term business environment refers to all individuals, organisation and other factors
beyond the control of business which influence their development (Abuselidze and Gogitidze,
2020). The importance of this is to improve efficiency, help with scheduling, address issues
related, help in the development of useable assets and enables then investment opportunities
to be seen. In addition to this, environmental sensitivity may be an emergency alert and signal
for administrator to detect different risks on time which helps them to make planning for
future and decision making. However, it includes clients, vendors, public, educational, legal
and many more. Next PLC is considered in this report. It is a British multinational company
which provide various products and services such as footwear, clothing and home care goods.
The headquarters of this enterprise is in Enderby, England, UK and is founded by Joseph
Hepworth in year 1864. This report covers innovation and technology which impacts the
company sales, growth and profit, importance of corporate social responsibility along with
the model of CSR which is Archie Carroll’s model.
MAIN BODY
TASK 1
A corporation is a legal body comprising a group of persons engaged in and running a
corporate or industrial undertaking. It is also possible to differentiate between private and
public corporations. Both have various ownership arrangements, rules and standards for
financial statements. A corporation is an entity or a company licenced under the company's
law. It can be a restricted or unrestricted undertaking, private or public entity, a limited
undertaking or a joint-stock corporation. Next Plc is a type of public limited company. It is a
public corporation type, according to United Kingdom statute, some territories in the
Commonwealth and the Republic of Ireland.
Assess the impacts of innovation and technology and how it has affected the sales, profits and
growth of one of the following companies.
Innovation and technology is for various tasks and works in an effective manner. It is
the way which directly impacts the firm’s development and revenue in the future. Innovation
is a crucial business goal to help them to remain in competitive position. In context to Next
PLC, they bring creative ideas which contribute to the mobilisation of person expertise and