Social Responsibility of Business

Social Responsibility of
Business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Social responsibility is the effective development of ethics and system in which decisions
and various actions are taken ethically which is validated before processing anything. In this,
company take various decisions and actions for those factors who tends to harm society and
make suitable actions in socially responsible manner (Voronkova and et. al., 2020). Social
responsibility is also known as corporate social responsibility that leads to pertain individuals in
terms of behaving and organising various business activities ethically. CSR is beneficial in terms
of taking effective business decisions in terms of taking decisions that impact the overall
community and opinions. To carry forward this report, Marks and Spencer is considered which is
the multinational retailer and headquarter in London, England. As company deals in clothing,
home and food products and founded in 1884. In relation with this, report tends to cover the
social responsibilities of business and how they help in increasing profitability with the help of
suitable theories and examples.
MAIN BODY
Social responsibility is the meaning of accomplishing sustainability and also tends to opt
social responsibility and various principles considering the accountability and suitable
transparency which is useful in making sure for the long term viability of company. Social
responsibility is suitable concept that leads to value effective values to increase the shareholder
value which is beneficial for society (Deer and Zarestky, 2017). Moreover, it is prominently
important for the investors and consumers in terms of making effective investments to contribute
towards the welfare of society and environment. It is the suitable duty and activity regarding the
best interest and also applicable for business. Along with this, with the help of prominent social
responsibilities that somehow tends to move towards CSR is beneficial for company in terms of
improving their profitability, sales and revenues that leads to increase brand image and
reputation.
In relation with this, ethics is prominently depict as the set of moral principles in terms of
deciding for the right and wrong things. In terms of Marks and Spencer, business ethics are
prominently same for the suitable situations in terms of organising business and also for
recruiting and promoting employees for their suitable advertisement in manage overall
competition. In relation with the effective fulfilment of prominent social responsibilities, it is
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