Corporate Social Responsibility and Leadership in Business

This essay delves into the critical intersection of business ethics, Corporate Social Responsibility (CSR), and leadership within organizations. It begins by defining business ethics and its significance in guiding moral judgments and attracting consumers, emphasizing the importance of ethical considerations and CSR principles in a global business context. The essay explores how CSR contributes to sustainable development by offering environmental, economic, and social benefits to stakeholders. It also examines the responsibilities of businesses in maintaining a healthy environment, supporting community welfare, and adhering to ethical standards, using examples like Tesco and Volkswagen. Furthermore, the essay investigates the role of leadership in promoting ethical behavior and CSR practices, highlighting the benefits organizations can gain from engaging in CSR activities, such as competitive advantage, risk reduction, and positive reputation. The conclusion emphasizes the positive impact of CSR on business and the need for sustainable, responsible, and ethical management of economic, environmental, and cultural issues.

Context of business individual
essay

INTRODUCTION
Business refers to firm and economic system where the services and products are to be
exchanges for another or for the money. Business ethics is in the form of the applied ethics
which help in evaluate principles related to morals as well as ethics which can be arise in
business environment. It is apply to all the necessary aspects of the business that is conducted
and also relevant to the conduct of people and whole firm. Inn this report will be discuss about
the impact of CSER on leadership in organisation.
MAIN BODY
The business ethics is form of the professional and applied ethics that examined moral
issues and ethical principles which can be risen in the business environment. Ethics is related
with the moral judgements regarding wrong and right. It is helpful in attracting consumers to
products of company in terms of enhancing sales as well as profit level. It makes the staff
members to stay with business, minimize labour turnover and enhance productivity (Aguinis and
Glavas, 2012). It is necessary for a firm to follow all the ethical considerations in business and
also adhere to corporate social responsibility principles in global business context. In business
approach, Corporate social responsibility helps in give contribution to sustainable development
by giving environmental, economic and social benefits for all stakeholders. It is necessary for
firm to manage sustainably, behave ethically and manage responsibly in context to social,
environmental, cultural and economic issues. It is a responsibility of nay business to manage the
sustainability of business and follow ethics in order to reduce the negative impact from
environment, economy, social and culture.
Business have responsibility for developing and maintaining healthy environment. It
should take the responsibility for actions as society part. Businesses have responsibility to
communities welfare as well as societies under which they operate their business. In relation to
social responsibility, it is an ethical framework and suggest an entity that has an obligation to act
for society benefit at large (Cheng, Ioannou and Serafeim, 2014). The social responsibility is
duty of each person and organisation to perform for maintain the balance among economy and
eco- system. It is helpful in sustain the business for long period of time at market place. For an
example- Tesco company conduct the fund raising, charity for cause as well as promoting the
education. It provides 1% pretax profit to charity in the form of donations and gifts.
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Ethics is explained as principles or rules that company should be follow. Business ethics
is contemporary organisational norms, principles, set of the standards and values that govern the
behaviour as well as actions of a person in company. Company should behave in an ethical
manner and do not develop the negative impact on the society and environment. For an
example- Volkswagen scandal caused 1m tonnes of the extra pollution and it harm environment.
It developed negative impact on productivity of business. Now this company develops services
and products in environmentally compatible way. It works towards the sustainable development
prior to emission scandal.
Sustainable business reduce negative affect on local or global environment, economy,
society and culture. The sustainable business have progressive human rights and progressive
environmental policies (Dhaliwal and et. al., 2012). In any company, sustainable business
participates in the green activities and environmental friendly in order to assure that all the
products, production activities and services address the current environmental concerns while
enhancing profit. For an example- Marks & Spencer is a largest retailer and it developed Plan A.
It helps in develop sustainable future through being business that aids in enable consumers to
have positive affect on communities, planet and well being by all that firm do. The main focus of
this company is to create positive affect on society people, environment, culture and economy. It
will help business to sustain for the long period of time.
Corporate Social Responsibility is a kind of international private self regulation business.
It is how the firms manage their process of business in order to produce positive affect on
society. It covers the ethics, sustainability and social impact in correct manner. With the help of
conducting CSR programmes, business can provide benefit to society while enhance own brands.
Corporate Social Responsibility is management concern where organisations integrate social and
environmental concern in operations of business as well as interaction with stakeholders. It is an
integration of the socially beneficial practices and programmes in to business model of firm. Its
main aim is to increase the long term profit for online and offline business through enabling them
to become more attractive and effective (Grayson and Hodges, 2017). The corporate social
responsibility and also ethical leadership for managing mundane tasks of firm. In this present
time, firms are facing the social, environmental and economic challenges. The leaders are also
facing the social, environmental and economic challenges, rapid pace of the change is to forcing
leads to search innovative as well as creative solutions in order to cope up with many
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stakeholders. The leadership plays a necessary role in promoting ethical and moral behaviour/
leaders should be models for followers and their aim should be shape company through their
own characteristics and values (Kitzmueller and Shimshack, 2012). Organisations and leaders
engaged in CSR act for providing the advantages to their stakeholders for an instance consumers,
society at large, staff members and community. Leaders have the necessary role in adopting as
well as practising the CSR in company. On the other hand, firm can get the benefits attain from
engaging in to CSR activities such as gaining competitive benefit, risk and cost reduction,
seeking win- win outcomes by synergistic value creation and developing the positive reputation.
CONCLUSION
From mention report, it has been concluded that Corporate Social Responsibility helps
conduct the activities for people of society and it helps in develop the positive impact on
business. Businesses need to manage the sustainably, responsible and also behave ethically in
addition to economic, environmental and cultural issues.
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REFERENCES
Books & Journals
Aguinis, H. and Glavas, A., 2012. What we know and don’t know about corporate social
responsibility: A review and research agenda. Journal of management. 38(4). pp.932-
968.
Cheng, B., Ioannou, I. and Serafeim, G., 2014. Corporate social responsibility and access to
finance. Strategic management journal. 35(1). pp.1-23.
Dhaliwal, D. S. and et. al., 2012. Nonfinancial disclosure and analyst forecast accuracy:
International evidence on corporate social responsibility disclosure. The Accounting
Review. 87(3). pp.723-759.
Grayson, D. and Hodges, A., 2017. Corporate social opportunity!: Seven steps to make
corporate social responsibility work for your business. Routledge.
Kitzmueller, M. and Shimshack, J., 2012. Economic perspectives on corporate social
responsibility. Journal of Economic Literature. 50(1). pp.51-84.
Online
Keys, T., 2019. Making the most of corporate social responsibility. [Online]. Available through:
<https://www.mckinsey.com/featured-insights/leadership/making-the-most-of-
corporate-social-responsibility>.
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