Corporate Social Responsibility: A Case Study of Tesco

ESSAY

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Every business starts its operations in order to earn profit and maintain good image in the
market. There are various responsibilities of an organisation which it needs to follow to be able
to run the business effectively and efficiently. A doctrine was introduced by Friedman which
discusses that business has no responsibility towards the society or public. The main aim is to
earn profits for its stakeholders only. This doctrine was introduce in the year 1970 containing an
essay(Adnan, Hay and vanStaden, 2018). The essay will be on Tesco which is a British
multinational grocery and merchandise retailer. The company was founded by Jack Cohen in the
year 1919. Various theories will be examined in relation to CSR to analyse the importance and
need.
MAIN BODY
CORPORATE SOCIAL RESPONSIBILTY
Corporate social responsibility is a process in which the companies make an effort to contribute
for the society. It is a broad concept which involves various activities like CSR programs,
voluntary efforts and other philanthropic acts. It helps both the society at large and also improves
the image of the company in front of public. Tesco has been known for its sense of corporate
social responsibility and its commitment for the society. These actions help in building a strong
bond between the employer and employee's which is very beneficial for the productivity of the
organisation. It stands against the words of the statement as it describes the need and importance
of doing CSR by the company. The theory of CSR is discussed below which will identify the
importance of Corporate social responsibility in the business.
CARROLL'S THEORY:
It is a framework which explains the reason why should organisation's follow their corporate
social responsibility. It was developed by Archie Carroll in the year 1991 and nowadays it has
become one of the most popular models of CSR(Fourati and Dammak, 2021). There are four
levels in this theory which are used to analyse the role of the organisation. These levels are
discussed in detail below:
 Economic Responsibility: Every business needs to fulfil its economic responsibility in
order to survive and support the society in the long term. Tesco should earn profit in