Importance of Corporate Social Responsibility in Business

PROFESSIONAL
DEVELOPMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Reason why business should practice Corporate social responsibility........................................1
Challenges related to performing CSR........................................................................................3
TASK 2............................................................................................................................................4
Reflective journal using Gibbs reflective cycle...........................................................................4
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Professional development refers to learning for earning and maintaining the professional
credentials like academic degrees related to the formal coursework, informal opportunities for
learning in the practice and attending conferences. It is described as an intensive & collaborative
and ideally incorporating evaluative stage. The report will be covering an analysis about the
requirements CSR including the challenges faced in complying in the current dynamic and
competitive business environment.
TASK 1
Reason why business should practice Corporate social responsibility
(covered in PPT)
Challenges related to performing CSR
(COVERED IN PPT)
TASK 2
Reflective journal using Gibbs reflective cycle
The complete research was about identifying the importance of CSR for an organisation.
I have found that the issue is on fire for all the corporates. They are facing criticism and other
issues even after performing well in the business. So the reason behind these issues is the
responsibilities of corporates towards society. They are making high profits and are negligent
towards the environment and social issues. They do not recognise that they are living in society
that do not belongs solely to the business. They have to understand and return what they are
taking from the society (Hildebrand, 2018). Resources are scarce and it is important that they are
utilised in the best possible manner, causing least harm to the society. Corporates are required to
come together for saving the environment and conducting programmes for the development of
society as a whole. I have found that there are corporates that are solely focused towards making
profits they do not adopt any practice for the social welfare. They have the thoughts that
company is focusing over satisfying the demand of consumers and adopting these practices
acquires costs of business (Rowe, 2017). Also I have some do not have the required resources for
carrying out the CSR practices. This stops them to carry out such practices. The compliance of
these practices have various benefits both to society and company therefore an understanding of
the concept is required to be developed.
1