Corporate Social Responsibility and Business Growth

This report investigates the importance of Corporate Social Responsibility (CSR) for businesses, with a focus on the impact of Brexit on UK businesses. The report begins with an abstract outlining the key points, followed by an introduction that explains the significance of CSR in enhancing business growth and maintaining market reputation. The body of the report explores the impact of Brexit on information sharing and labor movements within the UK business environment. It then delves into the methodology used, defining the approach, explaining the qualitative research method, and justifying the use of secondary data collection. The report also addresses limitations, such as the inability to conduct primary research, data accessibility issues, time constraints, and the potential lack of researcher experience. Recommendations are provided based on the findings, and the report concludes by summarizing the key insights and emphasizing the importance of CSR for business sustainability and success.

Importance of CSR for
Business

ABSTRACT
Corporate Social Responsibility is important in order to improve the brand value of products and
Company that leads to increase the sales. Furthermore the corporate social responsibility is
useful in order to retain employees and their engagement within the work that have positive
image in front of public as CSR initiatives leads to volunteer the program that Foster the
development including empathy and loyalty. It also leads to develop prominent team work within
the employees by developing suitable coordination and cooperation among them.

Table of Contents
ABSTRACT....................................................................................................................................2
INTRODUCTION...........................................................................................................................4
IMPACT OF BREXIT ON BUSINESS IN UK..............................................................................4
Impact on sharing information.....................................................................................................4
Impact on labor movement..........................................................................................................5
METHODOLOGY..........................................................................................................................5
Definition of Methodology..........................................................................................................5
LIMITATIONS................................................................................................................................7
RECOMMENDATIONS.................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Corporate social responsibility is a term which describes that company operates its business
by considering the sustainability and ethical conditions which is useful in dealing with the
impacts of environmental and social. It describes the significant consideration of community
environment society human rights and so on in which business operate (El-Kassar, Messarra and
El-Khalil, 2017). Moreover it is important for any organisation to operate their business which
demonstrates the social responsibility as it is useful in improving and enhancing the growth and
development of business and also leads to maintain their reputation within the market. In this
context CSR is important in order to ensure the sustainability of business within the future
conditions.
IMPACT OF BREXIT ON BUSINESS IN UK
Impact on sharing information
Information sharing and Outsourcing leaders have their own shared service centre in UK in
order to serve services to the nation out of European Union. In this context the prominent factors
that would bring changes including the structure of company migration regulation fluctuation in
currency and tax policies. There are various areas of business that wood impacted because of
brexit including the talent of an organisation as after the execution of brexit there are various
employees who are in the favour and against of brexit and keeping all of them with the same
organisation leads to develop conflict among them which is not good for the reputation of
business (Huang, Cheng and Chen, 2017). Moreover implementation of successful CSR policies
is not an easy task is it leads to combine with the abundance of uncertainty regarding the
forthcoming policy of the European Union. In these context brexit foot businesses prominently
depends on the European Union trade which is difficult for the UK Government to negotiate with
them.
Moreover the sustainable practices are really e make their priorities regarding savings of
cost as brexit threatens the balance in favour of cutting back to the CSR activities in order to save
money. Moreover brexit also leads to short term budget Reduction for various companies that
impact their Information sharing policies by which their work get affected and after the
implementation of brexit the new policies are not in the favour of various businesses that leads to

impact there corporate social responsibility activities and other policies can prove to be quite
expensive.
Impact on labor movement
Brexit has a major impact on the level of employment that continues to grow relatively
sharply by considering the leave of European Union. In this context labor market remains tight
regarding the number of vacancies that are still very high. By analyzing the resource and talent
planning survey impact of brexit on employment and work for students has the prominent market
perspective and significant expectations (Ajina and et. al., 2019). As a result brexit impact the
recruitment of various organizations as because of this many companies face difficulties in order
to recruit employees because of the exit of Britain from European Union. In this context around
56% vacancies has increased within 2017 which describes that organization need to raise their
salary packages specifically for their key staff and new employees. In this context the British
government proposes various temporary migration programs that disappearance of easy supply
of European workers that could eventually leave.
Moreover the temporary employees will not have prominent access to the social welfare that
is enjoyed by other Nation resident workers. Despite from this after the impact of brexit many
speculations have been made regarding the impact of brexit on the labor social and economic
status of United Kingdom. In this transition trade unions are also involved in order to discuss the
right package for the workers and also protect them from any expedition and provide safety
measures to them. Therefore after the impact of brexit various labors has suffered because of
their migration and government policies which impact their functioning and various set of rules
that will apply to the job and workers in terms of their joining and working with the
organizations (Wilburn and Wilburn, 2016). Therefore employing the European Union migrant
workers leads to shrink the supply of skills and labors and the scarcity of available skills and
labor potentially impacted the for the reduction of post brexit which impact the workforce
Planning and development of an organization.
METHODOLOGY
Definition of Methodology
Methodology is considered as the prominent process and technique which is useful in
evaluating selecting processing identifying and determining the data regarding the significant

area of work. It also defines the systematic execution of various methods that support the
research in an effective way. Therefore the section of research is depends on the various
application that offer the significant assistance of the research in order to carry out their work in
right manner (Rhou, Singal and Koh, 2016). Methodologies are considered as a principal that are
applied in order to determine the research problems and also consider appropriate decisions to
identify and evaluate these problems. In this context the significant key tools are discussed as
below.
Research methods
Research conducted on the grounds of various type including major consideration of
Investigation to select the specific type in terms of carry out the research in prominent way. The
investigation kinds are described the two significant aspects including qualitative and
quantitative research and both of them are different from each other and has there significant
ways to collect data.
 Qualitative method: This method is used by the researcher in order to collect the indexed
information and data concerning the behavior of an individual. It is considered as the
most used technique in order to collect data by concerning the research methods
including interview surveys experiments observations and many more (Baena, 2018). In
this context the data was collected in the form is theoretical or subjective which is
difficult to get converted within the diagrams or tables.
 Quantitative method: This methodology is used in order to collect the numeric data
regarding the specific topic as it provides the suitable perception and viewpoint about the
values and behavior of respondent. In this context questionnaire is considered in order to
gather data because in this data is collected and converted within the tabular or graphical
form.
Therefore, by considering present project qualitative research method has been used by
the research as it is most significant tool which is useful in offering in depth determination in
order to study the considered area and also develop a prominent Framework which supports the
work in an appropriate way.
Data collection strategy
It describe the significant investigation which is depends on the data and information that
is developed in order to help the investigator regarding the purpose of evaluating the significant

problems in most appropriate way. Moreover it is also considered as the significant section of
methodology that offers appropriate support to the research by considering the accumulation of
data from various sources. Destruction of research describes two significant aspects including
primary and secondary source of Data Collection that are discussed as under:
 Primary data: It is the prominent source of data collection by which data is significantly
collected and generated by offering for send information to the investigation regarding
particular topic without any alteration (Chaudhary, 2017). In this context data from
various sources can be collected with the help of using interviews surveys polls and many
more.
 Secondary data: The sources used which is useful in providing accessibility to the free
recorded data that is collected by other researcher which is linked with past situation and
circumstances. In this context data is collected by considering the documents literature
journals and past records that are collected from online websites.
In this context organization use secondary source in order to collect the data because it is
useful in saving extra time and cost that is beneficial for the company and with the help of online
websites and Journals Company can collect appropriate data for them.
Brief Analysis: By considering the above to methodologies Data Collection strategy is
considered as the most significant and useful as it is also helpful in collecting qualitative data
with the help of secondary source by which company does not need to adopt other research
methods and it leads to save extra time and cost of company.
LIMITATIONS
Not able to use primary research: By considering the above research Methods Company
does not use primary source in order to collect their information for the research. As primary
research take lot of time and money that is not beneficial for an organization. As it include
various methods that generate lot of cost and for this any small information the specialists need
to meet with lot of people including various methods including interviews, surveys, polls and so
on.
Access of data: It describe the accessibility of data to various people including organization,
documents and many other reason as some of them describe limitations and denied to data and
reasons which is required to be accessed (Bass and Milosevic, 2018). In this context the
accessibility of data should be in the hands of few people as if data is accessible by each and

every employee within an organisation then there are the chances that it can be leak by anyone.
Therefore while doing research it is important for the researcher to prominently secure their data.
Time factor: It describe the significant time which is given to the research in order to
conduct research. As according to this the owner of company provide significant and decorated
time period to the specialist analyst in order to conduct that is beneficial for the company (Im,
Chung and Yang, 2016). But while talking about the investigator they need more time in order to
conduct their research in significant way which is useful in achieving prominent information that
is helpful for company to achieve prominent aims and objectives that leads to bring success and
development.
Lack of experience: In this context while considering the investigation if the researcher has
lack of experience among them regarding doing suitable research then become the significant
drawback for the company. As because of the lack of experience company does not leads to
achieve their significant goals and objectives that can tips to reduce the success factor of
company. In that context the researcher needs to conduct prominent research with the help of
various models by which company can easily achieve their desired outcomes which is useful for
them (Ferrell and et. al., 2019). In that case the researcher can adopt above discussed research
methods and sources in order to collect data for them as these are the prominent sources by
which an investigator can get suitable information for them.
RECOMMENDATIONS
By considering the above discussion it is recommended that brexit has major impact on the
corporate social responsibility activities of an organization which impact the working conditions
of labor and buy this employees does not leads to share prominent information among each other
because it leads to generate leakage of information and data that can become harmful for the
reputation of company. Along with this company also need to consider primary data source in
order to collect data as bi this company cheap first and information of the market in order to
expand their business.
CONCLUSION
By considering the above information it is analyzed that corporate social responsibilities are
helpful for each and every Organization in order to sustain their in which within the market area
and also useful in attracting significant customers for the long-term survival. In that case by

considering the impact of brexit the corporate social responsibility activities are impacted of
much organization and for this each and every company need to consider prominent research
with the help of various methodologies that are useful in again sustaining their position within
the market.

REFERENCES
Books and Journals
Ajina, A.S and et. al., 2019. The importance of CSR initiatives in building customer support and
loyalty. Asia Pacific Journal of Marketing and Logistics.
Baena, V., 2018. The importance of CSR practices carried out by sport teams and its influence
on brand love: the Real Madrid Foundation. Social Responsibility Journal.
Bass, A.E. and Milosevic, I., 2018. The ethnographic method in CSR research: The role and
importance of methodological fit. Business & Society. 57(1). pp.174-215.
Chaudhary, R., 2017. CSR and turnover intentions: examining the underlying psychological
mechanisms. Social Responsibility Journal.
El-Kassar, A.N., Messarra, L.C. and El-Khalil, R., 2017. CSR, organizational identification,
normative commitment, and the moderating effect of the importance of CSR. The Journal
of Developing Areas. 51(3). pp.409-424.
Ferrell, O.C and et. al., 2019. Business ethics, corporate social responsibility, and brand
attitudes: An exploratory study. Journal of Business Research. 95. pp.491-501.
Huang, M.H., Cheng, Z.H. and Chen, I.C., 2017. The importance of CSR in forming customer–
company identification and long-term loyalty. Journal of services marketing.
Im, S., Chung, Y.W. and Yang, J.Y., 2016. Employees’ participation in corporate social
responsibility and organizational outcomes: The moderating role of person–CSR
fit. Sustainability. 9(1). pp.1-14.
Rhou, Y., Singal, M. and Koh, Y., 2016. CSR and financial performance: The role of CSR
awareness in the restaurant industry. International Journal of Hospitality
Management. 57. pp.30-39.
Wilburn, K.M. and Wilburn, H.R., 2016. The growing importance of integrated reporting for
corporate social responsibility. Review of business & finance studies. 7(2). pp.75-89.