Social Responsibility of Business

Social Responsibility of
Business 2

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1 (ESSAY)............................................................................................................................1
Social Responsibility.......................................................................................................................1
Dilemmas faced by business organisations in confronting their corporate responsibilities...1
Ideas in the area of Business Social Responsibility...............................................................3
PART 2 (ESSAY)............................................................................................................................5
Phenomenon of whistleblowing.......................................................................................................5
Theory of whistleblowing.......................................................................................................5
Examples to critically evaluate the phenomenon of whistleblowing.....................................6
PART 3 (REFLECTIVE PIECE)....................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Social Responsibility of Business is mainly associated with the ethically behaviour of
business organisation which consists of sensitivity and high reasonability towards the people,
society, cultural aspects, economics along with the meeting environmental and other issues in
general (Voronkova and et. al., 2020). In current scenarios not only the big companies are
working towards social responsibility but the small and medium sized companies are also
making efforts to fulfil and meet there social reasonability of business. The current assignment is
based on Marshfield Bakery which is a small sized company operating as a family founded
bakery that is distributing handmade goods comprises of rusks and biscuits along with preserved
pastry goods and cakes throughout the UK and Europe (The best small companies with a
turnover of up to £10m in the UK. 2018). This easy comprises of a description about dilemmas
faced by business organisations in confronting their corporate responsibilities along with argue
ideas in the area of Business Social Responsibility.
PART 1 (ESSAY)
Social Responsibility
As per the view point of Poiedynok, V., 2019, Social responsibility is a vital concept
associated with that kind of business which aim maximizing value for their shareholders along
with leading all possible benefits their the society and overall environment. Thus, it can be
evaluated that Social responsibility basically means that all individuals and the companies have a
social implication and duty to act in the best interests and towards welfare of their environment
along with the society as a whole. In today’s, world with increasing awareness in customers and
investors regarding the concept of social responsibility it has been increasingly important and
must for all business organisations to focus and emphasis more on their key social responsibility
which comprises of sensitivity and positive attitudes towards environment and whole society
(Popescu, 2018).
Dilemmas faced by business organisations in confronting their corporate responsibilities
Today’s organisation are not only profit cantered but also looking for better ways and
ideas to contribute in the welfare of society and overall environment in which they are working.
But beside this, according to the view point of David Sarokin, 2018, a dilemma and challenges
are also faced by business orgnisation while fulfilling their social reasonability as critics and
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some stakeholders argues that nature of business should only be profit oriented and it does not
canister whole society and environment as stakeholders thus, the main purpose of a business
should remain to work for the key stakeholders not for the welfare or befits of society or
environment. Thus, an argument is also made by individauls in favour of stakeholders only
irrespective of welfare society. But in today’s world where larger section of customers and
investors are in favour of Social responsibility to become vital and important for an orgnisation
to meet their CSR and other forms of responsibility towards society and nature. The crux or
summarisation of social responsibility concept consists of dilemma that where an orgnisation
should be focused towards its profit or work for both profit and welfare of society (Harrison and
et. al., 2019). Thus, an evaluation of this dilemma faced by business organisations in confronting
their corporate responsibilities can be made as coming up with the theories that enact polices and
aim at promoting a ethical balance in business activities that should set a proper coordination
between dual mandates for a business which comprises of profitability for surviving and befitting
society and environment as a whole.
Further, it has been also observed that the concept of social responsibility is now not only
limited to larger companies and firms but it is now also adopted and implemented by many small
companies (Dawson, 2018). It has been observed that in first instance social responsibility is
looking somehow different from profit maximization aim of business organisation that is cresting
dilemma for these firms before confronting their social responsibility but in wider sense and long
term fulfilment of social responsibility leads and brings to better profitability and enhanced
customers base through creating a good image and reputation for a business organisation.
The Marshfield Bakery Ltd is also among such small business orgnisation that are
making efforts to meet and full fill their social responsibility through making and distributing
handmade goods and food items to its customers and is a highly successful and sustainable
transaction in its process of making homemade products more famous in customers
(MARSHFIELD BAKERY LIMITED, 2020). The Marshfield Bakery ltd is basically a family
founded bakery situated at Gloucestershire, England which is having specialisation in making
home prepared rusks and biscuits along with preserved pastry goods and cakes and sales them
across various parts of UK and Europe. A dilemma is also faced by Marshfield Bakery ltd while
confronting their corporate responsibilities that whether they should remain focused on
maximization of profits or should made efforts for meting their social responsibility (Trujillo-
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