Social Responsibility of Business Assignment

SOCIAL
RESPONSABILITY OF
BUSINESS

EXECUTIVE SUMMARY
For running business in competitive market, it is essential to follow corporate social
responsibility to enhance goodwill and brand value. It is the defined as self regulating business
which assist company to be socially accountable to their public, consumers, stakeholders and so
on. There are different models and theories that helps in identifying corporate responsibilities in
an effective and efficient manner for increasing profits. For ethics and sustainability, audit skills
are required by business for positive outcomes.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
a) Conceptualise and explain complex range of business social responsibilities.......................4
c)Apply philosophical and practical/pragmatic models of social responsibility to specific
situations.....................................................................................................................................5
d) Audit skills to evaluate ethical and sustainability standing of a range of organisations.........8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The concept of social responsibility is to increase profits through running in socially
responsible style in order to promote interest of society and community (Brammer, Jackson and
Matten, 2012). The activities of business should not hamper their consumers, public and workers
while running their organisation. It is the responsibility of business to provide high quality
products and services in effective and efficient manner to their users. The main purpose of report
is to identify concept of social responsibility using different theories and models. For evaluating
ethical and sustainability audit skills has used by different organisations.
MAIN BODY
a) Conceptualise and explain complex range of business social responsibilities
Corporate Social Responsibility (CSR) is referred as management concept which helps
companies to integrate environmental and social concerns in operations of business and
interaction with their stakeholders (What is CSR, 2019). This is the most way which assist
organisations in achieving their triple bottom line which is called economic, social and
environmental imperatives. Similarly, on the hand, it is addressing expectations of stakeholders
and shareholders in an effective and efficient manner. CSR is also called concept, charity,
philanthropy, strategic business management and sponsorships. The following of CSR by
business helps in enhancement of reputation and goodwill of company, strengthening brand in
appropriate manner. It is very important for Small Micro Enterprise (SME) to promote CSR in
order to fit capacities and needs of respective business without affecting or hampering economic
viability.
CSR has gone through long way in order to reach community and sustainability became
practices for renowned business leaders. For example, companies such as Google has appreciated
contribution of social business at society. There are more than 5 million SME's in UK that
provide 60% of employment to workforce (How SMEs can engage in social responsibility
programmes, 2019). This helps in achieving success to business in an effective and efficient
manner. The SME can implement success through social responsibility programme. It helps in
finding champion for running their business in supporting responsibility of business. The