1.Introduction My name is Bello Jalal and study under a business programme. The report brings out a discussion on feedback on marketing mix and CSR essay learnings to analyse what I have actually learnt during my course. In this feedback learning, the report comes up with discussion on corporate social responsibility and its practical implication. Furthermore, this is a revision of two topics where one is corporate social responsibility and its implication on business so that I can prepare for the exams and score goods marks. The feedback report is based on description, situation, feeling while writing, and evaluation report of how experience can be good or bad, pleasant, unpleasant, easy, difficult, and the related experience. 2.Marketing Mix Presentation learning The presentation brings on discussion on marketing mix of Tesla Motors. The learnings lay out that marketing mix is appropriate set of elements and tools, which pursue marketing objectives in its target market. For the analysis of Tesla`s marketing mix, it is seen that marketing mix contributes to findi8ng several attributes of the company. The evaluation of price and promotional strategies can help to attract the target market (Global web index, 2019). The experience related to analysis is quite pleasant, as I have to know many things regarding the operation of Tesla and its CSR responsibilities. I have learnt a lot from the experience that competition is upsurging due to same level of price and quality it offers such as Nissan leaf also promotes the products through higher ending environmentally aware consumers (Mind Tools, 2019). As a description, it has happened to be a good experience as it gave me many ideas related to advertisements and promotion. I have even identified the threats associated with internet promotion such as cyber-attacks and other attacks, which does
not provide any privacy and security to the email address and personal data (Global web index, 2019). Model X is one of the best selling cars because it is an electric vehicle, which is the fastest sports utility cars. The promotional activity studies that shifting to electric cars has reduced carbon emissions (Marketing mix, 2019). Researchers have compared the air pollution as generated from the battery powered electric vehicles with internally enabled combustion engines. The analysis states that pressure due to environmentally friendly of transport, which can provide Tesla as an option to combat the pollution. The promotional strategy come up with events, which could reveal items before the product is available while purchasing through the high class. Form the evaluation; it is well know that these celebrities are the brand ambassadors of the car, which definitely attract the fan following and induce them to purchase their cars. Through the analysis and evaluation, it is seen that promotion is quite important as it keep benefits of services to customers through well-designed marketing and other promotional activities by bringing long-term success to consumers and profitability to business success. Promotion due to carbon emission free cars has increased its awareness for the brand, avail appropriate data, building profits, sales and increasing customer traffic. As far as the competition and targeting is, concerned, right audience has to be found out so that promotional strategy and the marketing plan can assist to find different segments of the consumers by offering suitable solution for high-level clients. I have learnt the features of this product and I have decided to buy this car due to its explicit features. The model signify that X model is the best-selling cars as it is four door battery set and best selling cars between especially two years. By focusing on the marketing mix of the product “Tesla,” it is seen that product line features have Auto parking, auto lane changing, assistance to driver abilities, and enhanced summons by navigating parking to locate the drivers without any inputs from driver.
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3.CSR Essay learning From the essay on CSR, I have learnt with increasing dynamic changes have several changes in the business environment. These changes have led businesses to extend its operations to achieve every possible profit making opportunity. Corporate social responsibility is a self- regulating business model, which can help the organisation to remain socially responsible to its stakeholders. It ensures practise of all aspects, which includes activities at society, social, economic, and environmental level. This situation led to exploitation of environment, social communities, and other resources(Crane, Matten, and Spence, 2019). I have learnt that CSR activities is quite important to organisations and consumers. It creates a strong bond between companies and employees. For example- Starbucks is a CSR leader, which creates social responsibilities programs in several aspects. Furthermore, I have disliked some of the main points, which comprise of non-availability of the moral theories, ethical theories, corporate social performance, and corporate social responsiveness. Furthermore, the government enforced the companies to comply with rules and regulations so that it can improve the situations. It has been mandated for all MNCs to present a report to its stakeholders to create its transparency. Consistent transparent operations can create trust amongst the stakeholders. The feedback to your essay is related a series of actions such as I have accomplished to study many books on corporate social responsibility. My professor suggested me to go through corporate governance report of companies who severely contribute towards the understanding of CSR. I have felt that the concepts of CSR was made to promote ethical practises amongst the organisation. During my essay writing, I was happy to decide whether CSR plays an important role in building brand reputation. I admire the concept of delegating a portion of company’s profit to community work(Skilton and Purdy, 2017). The criterion for CSR activities such as companies often try eradicating poverty and hunger, promoting gender inequality, reducing child mortality, and improving maternal health. Furthermore, it ensures
to combat environment issues and force companies to maintain sustainability. This awareness amongst stakeholders has resulted to the introduction of corporate social responsibility. The essay demonstrated needs high analysis because according to me learnings are not up to the mark because it does not introduce any ethical frameworks. According to me, it is most appropriate when the implication of CSR can be more understandable. The essay has demonstrated the importance of creating brand image in the stakeholders by doing something different from is competitors(Skilton and Purdy, 2017). CSR can add value to the data of the company. Each coin has two sides, where one brings out disadvantages and another tells advantages. Although, CSR adds to the cost of the company but it also creates brand image in the eyes of shareholders and customers before buying any product. Government strictness has led to create many regulations imposed on the manufacturing companies so that companies start working on overall good of the society as well as company(Stead, and Hastings, 2018). To get an in-depth analysis, it is seen that practical examples have been in relation to multinational organisations. According to me, the essay has not been critically analysed properly. It must not include only the advantages and disadvantages. However, it must also include different frameworks associated with CSR theories such as Carroll’s pyramid, which includes important framework related to the integration of satisfaction of social responsibilities and implementation of policies. Carroll framework avails a three dimensional model, which categorises economic, legal, discretionary, and ethical aspects. I personally felt that the scope of social responsibility brings an array of domains leading to different obligations. Economic role of companies have reduced pyramid model to focus on profit making. Ethical domain is the major domain under CSR theories(Stead, and Hastings, 2018). However, the evaluation is based on pleasant, wellness, its experience, goods, and its critics. The evaluation does not sound good because as I earlier said there is no description of ethical
theories and CSR theories(Grayson, 2016). The pleasant thing about this essay is the demonstration of examples and companies who have followed the CSR policies and currently are at the top of activities. The good experience is related to know the mandatory rules made by government towards the CSR(Asim, 2017). Their experience shows how every MNC can come together and strive to equate their unequal distribution of income, which is associated with the selling of goods, regulating expenses and then distributing the profits in community in form of social work such as sponsoring education. The essay includes example of Tesla model S car, which manufactures cars to avoid pollution and environmental degradation, which again reduces spending of money on petrol(Lins and Servaes, 2017). The experience while studying CSR relates to companies such as Ford Motors who have started manufacturing hybrid and electric cars by the end of 2022(Bhattacharyya, 2019). More examples are related to Coca- Cola, which attempts to deliver trucks by contributing 3.7 Million as tons of greenhouse impact of Co2 impact to the world. The experience was positive when I have learnt and watched the advantages gained by the organisation such as increasing sales. More advantages to the organisation is related to profits, which gives an ability to drive the growth of the organisation by investing in new buildings, infrastructural technology, and labour(Lucas, Van Wee, and Maat, 2016). It can give organisation more space in generating more profits, which means that the company will be able to maintain appropriate liquidity and solvency position. Considering all the ethical practises as community and environmental goals being a good employer(Sulaiman, and Syahrivar, 2018). Some of the disadvantages can lead to increase in costs of production, which can increase/rise expenses of the organisation. The conclusion of the essay is quite strong as it totally agree to the concept of corporate social responsibility. A secured and sustained profit can improve the quality of the consumers by prioritising opportunities towards the quality services and enhanced product offerings(Wang, Takeuchi, and George, 2016). CSR can enhance and
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improve the company`s operations, which look not only the profits but also society and environmental masses. The evaluation states that the concept is such a well said concept, which focuses on financial success of the organisation, contribution to solve social issues (Amer, 2019). 3.Revision & Exams learning For the revision session, first thing, which I need to understand is the appropriate procedure. The revision for each topic is quite important by highlighting each of them. Firstly, for CSR, it will undertake to study profit-based responsibilities in economic model, triple bottom line, significance of CSR frameworks, Carroll framework, friedman model of not ignoring the ethical responsibilities, philanthropic model and other theoretical frameworks. While revising the practical implications, it is seen that practical examples of CSR has to be undertaken such as Tesla`s X model, Ford company and other companies such as Starbucks, who is the star performer. My learning diary has been filled with important concepts. For the revision of Marketing mix, it is important to understand and revising its elements such as product, price, place, and promotion. I would adopt this approach where there are five ways to approach revision by making a manuscript, and keep it away once the draft is accomplished (Wang et al., 2016). I must take break between making the draft and revising it repeatedly. Changing the scenery by changing the topic from ethical theories to marketing mix of Tesla. I have made a rule of reading it loud, which can give me an opportunity to hear it as well and concentrate on my topics. Through this framework, it is seen that a bird Eye view is important before revising the ethical theories and read it aloud so that I will come to know to hat extend and still recall the concepts.
5.Next steps From the above steps, it has been seen that there is a lot to learn in these concepts, which are related to marketing mix and theories of corporate social responsibility. The marketing mix in the report does not include pricing and place strategies, which are important to discuss (Reamer, 2019). There is a wide range of learning scope through which it can make the revision plan stronger. One of the major lagging of this analysis is the lack of ethical theories and lack of CSR theories(Chen, Yu, 2018). The concepts and revision plan can be made stronger with the help of these improvements. Firstly, I thought it is quite difficult to criticize own paper because my knowledge is limited. However, with the passage of time, I have seen that I have created an understanding by regularly reading CSR from different sources and by viewing the different critical examples(Grayson, 2016). For instance- Tesla produced X model cars, which are free from carbon emissions as it is an electric car(Grayson, and Hodges, 2017). As I am a business student and I want to become an entrepreneur and I dream to gold a company, which have a turnover of more than 5 crore. I will have to learn the importance of serving people as triple bottom line suggest that a business always procures three items at a time as people, profit and planet. It is the core responsibility of the organization to come up with these policies(Shafin, and Kasim, 2018). I have faced many challenges when I started providing feedback to my work as now I think providing advantages and disadvantages to the CSR is not enough for CSR essay. Furthermore, there is a need to have a deeper level of understanding. 6. Conclusion On a concluding note, it is seen that it is quite important for the business to follow corporate social responsibility and comply with all government policies in regards to protect the environment. Corporate social responsibilities are quite important for the business operations
as it creates brand image amongst the customers and other stakeholders. Furthermore, the above report is based on feedback through which I have revised my whole topic and with this plan I am confident that I would score good marks.
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