Report on Different CSR Activities in Business

Added on - 05 Feb 2020

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CRITICAL SURVEY OFCORPORATE SOCIALRESPONSIBILITY
Table of ContentsINTRODUCTION...........................................................................................................................1Business ethics............................................................................................................................2Corporate social responsibility....................................................................................................3Scope and responsibilities associated..........................................................................................3Theories and models...................................................................................................................4CONCLUSION................................................................................................................................8
INTRODUCTIONGlobalization provides business units effective measures to succeed within the economy.International market has posed effective and wide range of competition for individual units andlarge business firms. Companies are adopting unique competitive measures to develop acompetitive edge within the market. Organizational growth focuses on creating an effectivebrand image within the economy (De George, 2011). Ethical business practices is an effectiveand well developed measures for the same.Business ethics focuses on making right decisions for the company in order to develop aneffective and well developed brand image within the market. According toWeiss, (2014)corporate social responsibility is defined as a commitment of business units to carry out ethicalbusiness practices and effectively contribute towards economic development while improvingthe quality of life of the community. The present report will analyse the theoretical aspects ofdifferent CSR activities undertaken by the business units and will analyse its impact on thegrowth and development of the business. It will critically evaluate the theories and measuresassociated with the subject in order to draw a clear and effective picture of the subject.Business ethics1
According toShaw, 2016business ethics focuses on developing effective and rightmeasures of adopting business practices to attain the business objectives in well defined measure.It helps the business units in managing and maintaining the competitiveness and legal paritywithin the economy to effectively attain trust and loyalty of the stakeholders.Fassin, VanRossem and Buelens, 2011stated in the research that effective and well defined businesspractices will help the companies in creating a sustainable growth measures within the economy.Business ethics has been defined as a study of business practices and policies regarding potentialissues and factors affecting business practices and growth within the market. It ensurestransparency of data, well defined policies and measures for employment practices, handlingissues related to corporate governance, insider trading, employment rights and stakeholders'growth and development within the market (DesJardins and McCall, 2014.).Blombäck and Scandelius, (2013)mentioned that business ethics are implemented inorder to ensure that a certain required level of trust exists between consumers and various forms2Illustration1: Features of business ethics(Source:Hoffman, Frederick and Schwartz, 2014)
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