Social Responsibility of Business: Increasing Profits

Social responsibility
of Business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
The social responsibility of business is to increase its profits.....................................................1
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................6

INTRODUCTION
Corporate social responsibility refers to self regulating model which assist corporations for
becoming socially accountable to its stakeholders, public and also itself. Corporations owe
greater duty for stakeholders along with communities through possessing social conscience
(Aluchna, 2018). There are multiple types of activities and operations performed by business
enterprise with the hope of enhancing margins of profits. To understand corporate social
responsibility, Airdri Limited is considered. The company have developed corporate social
responsibility with ultimate objectives to provide opportunities for positively contributing
towards local community of Oxfordshire in order to gain huge profits. The present essay is about
the statement that is “Social responsibility of a business is for increasing its profits”. The essay
involves critical discussion on the statement through contrasting theories addition to extended
examples which illustrates socially responsible behaviour of business.
MAIN BODY
The social responsibility of business is to increase its profits
Business has main social responsibility for increasing its profits in the competitive scenario.
To attain this, multiple efforts are made by entire team of organisation. As per the viewpoints of
Pineda (2018), social responsibility is one of ethical framework which obliges each member of
organisation to act together with behave in the ways which benefits in entirety. As per socio-
economical theory of corporate social responsibility, business concern has responsibility for
promoting interest along with making huge profits. There is complex range of business social
responsibilities. One is economic business responsibility for maximising profitability just not for
attending stakeholders interest but also for making contribution towards economic progress. For
example, Airdri Limited is a small sized business that has grown for meeting customers and
society needs for staying ahead in hand dryers trends (Airdri Limited, 2020). The business is
integral actor in developing economy along with building nation. It have simple vision that is
believing that people with autism deserve as well as learning disabilities for living life to fullest.
It is more traditional economic theory which echoes the role effectively in order to generate huge
profits and ensuring to pay all types of taxation that are levied by government. Moreover, when
business are unable to manufacture and distribute profitable products addition to maintain
sustainability then it becomes quite complex for them to attend all the succeeding
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