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Corporate Social Responsibility (CSR) Assignment - Rolls Royce

   

Added on  2021-02-20

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Corporate Social Responsibility (CSR) Assignment - Rolls Royce_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................21. Key issues that Rolls Royce is facing..........................................................................................22. Significance of aligning Corporate Social Responsibility (CSR) to business strategy...............23. Impact of Brexit towards organisation.........................................................................................3REFERENCES................................................................................................................................5
Corporate Social Responsibility (CSR) Assignment - Rolls Royce_2
INTRODUCTIONThis report is context to Rolls Royce company. It is one of the luxury automobile makerwhich was founded in 1998 by Torsten Muller Otvoas. This report will analysis the key issues'organisation is facing. Furthermore, the significance of corporate social responsibility (CSR) tostrategy and how Brexit has influenced organisation will also discuss in this assignment. 1. Key issues that Rolls Royce is facing.The key issues Rolls-Royce is facing its biggest weakness that company is facing is TheDays Inventory is very high as compare to the competitors (Weakness of Roll-Royce (Rising DayInventory), 2018). That result in making the company to increase more capital to invest in thechannel. The long term growth of the Rolls Royce is highly influenced due to high daysinventory. It is very important to control the rising of day stock within organisation because itdirectly affects the performance of the company. Inventory management is one of the beststrategy that over the key issue in Rolls Royce company (Wild, 2017). This the managementtechnique that make sure that right products are placed in right time at right cost. Management ofthe Rolls Royce can respond quickly to the demands of market as well as stop them from fellinginto either having too little or too much stock. With this management technique of inventory management, Rolls Royce can becomesmore efficient. Management by objective (MBO) is one of the best theory that bringimprovement in the performance of the firm by defining the objectives clearly to bothmanagement and employees. Rolls Royce makes the organisation clear about the goal of thecompany so that they the issue which currently Riyal Rice is facing could be solve and companycan meet the demand of the market (Mio, Venturelli and Leopizzi, 2015). The MBO theory ofmanagement will clearly define the goals of inventory management such as reducing thewastage, losses and unnecessary capital, maintaining the level of production and sufficient stocktracking. 2. Significance of aligning Corporate Social Responsibility (CSR) to businessstrategy.The self regulating business model that aids organisation be socially responsible tocommunity, society, environment and all other stakeholders is called as corporate socialresponsibility. The main purpose of CSR policy is to make sure that organisation conduct the1
Corporate Social Responsibility (CSR) Assignment - Rolls Royce_3

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