Importance of Corporate Social Responsibility in Personal and Professional Development

This presentation discusses the importance of corporate social responsibility (CSR) in personal and professional development. It explores why businesses should practice CSR and the challenges they face. The presentation also provides references for further reading on the topic.

Personal and
Professional
Development

Table of content
• Introduction
• Analysis of why businesses should practice corporate social
responsibilities.
• Challenges faced by company while exercising CSR.
• Conclusion
• References

Introduction
Corporate social responsibility defined as a management concept that
are in used by businesses in order to integrate social as well as
environmental concerns with the business operations. It states that
why businesses takes an interest in social issues instead of that
impact on company's profitability that makes good sense to operate
business sustainably.

Analysis of why businesses should practice
corporate social responsibilities.
In order to being a socially
responsible, Argos Limited can
develop their brand image which
helps in boosting employees morale
as well as lead to high productivity
in employees.

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As CSR has become one of the standard business practices that are
adopted by most of the companies because it is termed as a crucial
component of business competitiveness. It is mainly related to the
having appropriate policies and processes that integrate with the
environmental, social, ethical, consumer concern as well as human
rights within business operations and the core strategy that are
collaborated with all stakeholders of company.

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So the Argos thanks to their risk management and social as well as
environmental opportunities for the sustainable expansion and
growth. Basically the aim of Argos Limited is related to creating
values for businesses and society so that the main strategy of
business is sustainability for which manager highly concern towards
objectives which creates more sustainable value for business.

Importance of exercising CSR as follows

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 By following CSR strategies, company's relation with the interest
groups are based on the mutual transparency as well as support
which is to be done by collective construction which lead
effective achievement of organisational goals.
 CSR activities provides a chance to all staff members of Argos
Limited in order to contribute towards the society as well as
environment. So the adoption of corporate social responsibility is
essential for businesses.

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 As corporate social responsibility gives workers a feeling of
unique happiness so that workers works towards the social
responsibilities and become loyal and work together effectively.
 It helps in developing trustworthy and better relationship
between employees and company Argos so that workers
contributes their best for sustainable growth and development of
company.

Challenges faced by company while exercising
CSR.
While implementing or adopting corporate social responsibilities in an
organisation or Argos face many challenges or barriers in the
competitive business environment that negatively impacts on CSR
strategies. Some of the barriers that can be faced by Argos Limited
while implementing corporate social responsibilities are as follows:

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 While implementing corporate social responsibility within an
organisation company needs more money to enables CSR
strategies into business operations because implementation of
CSR becomes burdensome for Argos Limited.
 The main motive of company is to ear profit but CSR needs
cooperation in order to keep interest of people in consideration
that creates conflict in accomplishment of objectives while taking
essential decisions.

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 In CSR concept, the information about company and offerings of
business requires to share with customers in the market which
creates adverse impact on the reputation of Argos Limited within
the competitive market.
 There is the lack of vision as well as scale of change while a
company thinks to adopt corporate social responsibilities at their
workplace.

Conclusion
It can be concluded from the above presentation that corporate social
responsibilities plays an essential role in the businesses as it
facilitates personal as well as professional development of
individuals and companies. Use of CSR is most significant in
businesses as it provides many advantages and result in the high
productivity and profitability.

References
Grayson, D. and Hodges, A., 2017. Corporate social opportunity!:
Seven steps to make corporate social responsibility work for
your business. Routledge.
Lins, K. V., Servaes, H. and Tamayo, A., 2017. Social capital, trust,
and firm performance: The value of corporate social
responsibility during the financial crisis. The Journal of
Finance. 72(4). pp.1785-1824.
Wang, Z. and Sarkis, J., 2017. Corporate social responsibility
governance, outcomes, and financial performance. Journal of
Cleaner Production. 162. pp.1607-1616.

Thank You