CSR Strategies: Solving Business Problems & Growth - Detailed Report

This report examines the role of Corporate Social Responsibility (CSR) in addressing business challenges, particularly those related to community involvement and stakeholder support. It identifies the lack of local support as a significant problem, stemming from issues like government initiatives, increasing awareness, pollution, and mismanagement by local authorities. The report proposes solutions such as encouraging employee volunteerism, sponsoring local events, starting charity drives, and sharing knowledge. While CSR offers strengths in building a positive company image and fostering community relations, it also has weaknesses. The report concludes that CSR is a vital business practice for enhancing a company's image and fostering consumer trust. Desklib provides access to this and many other solved assignments for students.

Academic and
Professional Skills

Table of content
 Introduction
 Identification of current problem:
 Analysation of cause of this problem:
 Potential solution of problems:
 Strength and weakness of solution:
 Conclusion
 References

Introduction
Corporate social responsibility refers to self regulation of business which helps companies to be
socially responsible, accountable for themselves, stakeholders as well as public. It helps business in
many ways as it helps companies to attract as well as retain employees, improve image of company,
increasing awareness of products and service.

Identification of current problem
Business is operating for purpose of serving to their customers and satisfying their needs and
wants. For this, they needs to understand needs and wants of people which allow them to develop
product as per requirement of customers. In order to develop products and service of customers,
managers of company require support from different stakeholders of an organisation including
customers, suppliers, shareholders and society.

Analysation of cause of this problem:
Restriction and lack of support from local people is one of
biggest challenges for business which create threat fro
them success and growth. It does allow business to
effectively carry out their operation effectively and get
growth in market.
 Government initiatives
 Increasing awareness
 Pollution
 Mismanagement of local authorities

Potential solution of problems
In order to overcome of these problems, business managers
of company can adopt corporate social responsibility which
allow them to effectively solve this problem.
 Encourage employees to volunteer
 Sponsor a sports team
 Sponsor an event
 Start charity drive
 Share knowledge

Strength and weakness of solution
Corporate social responsibility is providing solution to
problems faced by organisation related to lack of community
involvement in business. This solution allow business to
solve problems in effective manner and also reduce negative
impact of these factors.
 Strength
 Weakness

Conclusion
From above mentioned project report, it can be concluded that corporate social
responsibility is one of important business practice which helps business to build
good image of company in minds of consumers.

References
 Miller, J.J., Mayo, Z. and Podlog, L., 2021. A qualitative analysis of undergraduate sport
management student skill and awareness development at an international sports
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 Waxman, K.T., Nichols, A.A., Shum, C. and Forsey, L., 2019. Exploring Faculty
Perceptions about Simulation Training: Influence on Career, Confidence, Knowledge and
Skill Acquisition and Competence. International journal of nursing education
scholarship, 16(1).
 Specht, P.L., 2020. Teacher Perception: Secondary Level Skill Development Support for
Students with Specific Learning Disabilities.