Corporate Social Responsibility Impact: Waitrose Sales Analysis

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Added on  2023/03/21

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This report examines the impact of Corporate Social Responsibility (CSR) on Waitrose's business performance. The study focuses on how CSR activities, such as charity events and voluntary work, influence sales, profitability, and competitive advantage. The research highlights the significance of CSR in attracting customers and enhancing a company's market position. The report references key literature and emphasizes the importance of ethical business practices. The findings indicate that Waitrose's CSR initiatives have positively impacted its business outcomes, reinforcing the value of integrating CSR into business strategies. The research utilizes various themes to analyze the impact of CSR, including the manager's awareness, the business unit's engagement, and the resulting improvements in sales and customer attraction. This report emphasizes how CSR contributes to long-term sustainability and competitive advantage within the market. The research is valuable for students studying business development and provides insights into the practical application of CSR within a major retail organization.
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RESEARCH PROJECT
Impact of corporate social
responsibility
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INTRODUCTION
In the present era, organisation requires attaining the high level of
success and growth in the competitive business environment.
For achieve extreme growth and success, company focus on the
different strategy (Coombs and Holladay, 2011). In this
manner, corporate social responsibility is one of the strategy
which helps to organisation in improving competitive
advantage, sales position in the marketplace. Corporate social
responsibility is one of the practice through which company
can easily gain customer attraction and enhance its sales. In the
current research study, researcher have major aim is to analyse
the impact of corporate social responsibility on marketing
within Waitrose organisation
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Theme 1: Manager is working in the Waitrose Company
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Theme 2: Manager aware about the terminology of corporate
social responsibility
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Theme 3: Business unit engage with corporate social
responsibility
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Theme 4: Way by which organisation involved in CSR activity
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Theme 5: By CSR activity Waitrose improved its sales
and profitability
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Theme 6: Corporate social responsibility program
helping your business in attracting customers
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Theme 8: With help of corporate social responsibility assist to
organisation in enhance competitive advantage and
sustainability in the market
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CONCLUSION
From this entire research study it has been concluded that
corporate social responsibility is one of the practice
through which company can easily gain customer
attraction and enhance its sales. This aspect is essential
part of business unit which ensures that organisation
conduct their operation ethically. From collected data it
has been concluded that Waitrose engaged with corporate
social responsibility by organising charity events and
involves in voluntary work. By help of this CSR activity,
corporation have improved sales, profitability and
competitive advantage in the market.
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References
Coombs, W. T. and Holladay, S. J., 2011. Managing Corporate Social
Responsibility: A Communication Approach. John Wiley & Sons.
Flick, U., 2015. Introducing research methodology: A beginner's
guide to doing a research project. Sage.
Hopkins, M., 2012. Corporate Social Responsibility and
International Development: Is Business the Solution?. Earthscan.
Knobe, J. and Nichols, S. eds., 2013. Experimental philosophy (Vol.
2). Oxford University Press.
Leitch, C. M., Hill, F. M. and Harrison, R. T., 2010. The philosophy
and practice of interpretivist research in entrepreneurship: Quality,
validation, and trust. Organizational Research Methods. 13(1). pp.
67-84
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