Exploring Corporate Social Responsibility: An Individual Essay

This essay delves into the concept of Corporate Social Responsibility (CSR) as a standardized managerial approach that emphasizes a business's accountability to society, including stockholders and the public. It highlights the importance of CSR in enhancing environmental and societal well-being and its impact on various societal aspects, such as social, economic, and environmental factors. The essay discusses how businesses like ASDA should prioritize CSR, focusing on aspects like economic, social, and environmental factors, workplace ethics, marketplace practices, supply chain responsibility, societal contributions, and adherence to public policy. It concludes that CSR is not only a responsibility but also a strategic advantage, fostering goodwill and distinguishing businesses in a competitive market, ultimately advocating for businesses to integrate CSR effectively for social growth and development.

Individual Essay

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK...............................................................................................................................................3
Corporate social responsibility....................................................................................................3
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Corporate social responsibility will termed to the standardised managerial manner that will
support the business of management to be responsible for society that involves stockholders and
public viewers. By involving the management in CSR, it will support them in increasing
environment and society in terms of contributing vice versa (Ani, 2021). By following CSR,
management will get effected on all sections of society regarding social, economic and
environmental. The following report will covers the manner of corporate social responsibility
that will not apprehend with what the management is doing for maintaining their profitability and
productivity.
TASK
Corporate social responsibility
The corporate social responsibility is the major function of the business which tends a
business to promote social welfare. It is important for a business to perform corporate social
responsibility for development of weaker sections of the society. In the recent times The
importance of corporate social responsibility is increasing day by day in corporate world. It is the
main motive of a company to deliver best social work with the revenue and profit. The role of
corporate social responsibility is important for a business entity. Government of United Kingdom
has also made it compulsory for the business firms to develop and check corporate social
responsibility for the welfare of individual and society. It is also important for the company to
provide education and health facilities (García-Sánchez, Rodríguez-Ariza, and Granada-
Abarzuza, 2021). ASDA should focus on regularly providing corporate social responsibility in
order to develop social work in the organisation. It is major responsibility of human resource and
financial management to support functions related to corporate social growth. It is major
responsibility of a business organisation to develop precise business strategy for expansion of
social work in the society.
ASDA should also develop various rules and regulations that are essential for business
growth and development. It is also important for a business to continuously develop a personal
plan which is also effective to gain competitive advantage. According to rules developed by
management of ASDA the corporate social responsibility is a major function system which is
effective in growth and expansion of business. According to the rules and regulations formulated

and developed by government of UK it is mandatory for the companies to perform corporate
social responsibility. The business organisations like ASDA focus on development of business as
well on the CSR for overall development of the company. It is also necessary for the company to
develop a deep understanding of social work for the enhancement of business operations and
development of the society. purchasing privately owned energy supplier in Texas which allow
them to reduce pollution of company.
In some countries like India it is compulsory to perform social work as a part of CSR
from the 2% of the turn over. It is compulsory for the company to deliver best business practices
in order to develop major operations and functions of the business (Gonçalves, Gaio, and Ferro,
2021). The corporate social responsibility is also one of the major duty of a firm to deliver best
social practices. Most of the successful companies in the national and international market
deliver best business practices for business growth. The international companies like ASDA
develop a precise strategy to perform CSR in a major sense. Top level management of the
company focuses on CSR and hired trained and skilled employees for focusing in a better way on
dimensions of CSR. It is also compulsory for the company to prepare a specific report which is
essential for business development. The major business organisations at the marketplace like
ASDA should also include bonus profit in performing corporate social responsibility. It is
recommended for ASDA to look into different aspects of CSR for social growth and
development.
Economic factors – Economic factor involves such sections that will affects on value of
functioning in certain economy. It will covers various sections such as interest rate, development
in economy, wages proportion, inflation rate. Such factors will offers suitable set of opportunity
and threat for the management. As in respect to overcome its effects of such factors,
management should adapt corporate social responsibility. For completing corporate social
responsibility, management are developing several job opportunities in a society where they are
working. As it will support them in decreasing unemployment rate in system and also develop
positive picture for their management (Khamis, and Wan Ismail, 2021). The business of
management also offers equal salary to their consumers that will maximise their satisfaction and
also the management to satisfy their chores towards their candidates. The management is also
satisfying their roles by paying taxation policies to government and on the other side government
will refinance those assets in social growth.

Social Factors - Social factors will termed to such sections that are connected to social
feature and statistic factors such as financial gain, position, gender, etc.,. Such factors are
essential for maintaining the business of management by which it will have an impact on their
working. Adaption of CSR exercise will supports the manner of social control that will get
affected such factors (Liu, and et.al., 2021). Management are satisfying their social duties by
social and societal advancement. In this management are providing structure of road map for
their services and facilities, offering electricity services, opening hospital, working for NGO. It
helps the management from local individuals as effectively. It will also supports them to get high
term of profit and it also offers varied social opportunities to extend their management as
globally.
Environment factors - Environment factors connected with the environmental condition,
weather, pollution and many other. It will affect the sustainability of the management in market
and their fields to overcome its effects of such factors, management require to involve in
corporate social responsibility. The management maintain their dealings with corporate social
responsibility and they contribute to CSR that are related to environment factors by adapting the
procedure that will not occur risk to environment. Such sort of management will contribute to
atmosphere by growing plants because it will support them to increase natural environment.
They might finance in investigation and growth actions that will support in maintaining
uncleanness in the environment. All such are essential to develop a positive image of the
business in between consumers.
Workplace - Workplace is termed as the place where workers are operating their
sections in respect to accomplish managerial orientated targets. The management follows various
operations and functions in their workplace (Shim, and et.al., 2021). As it is important for an
organisation to create effective dealings with employees with them to satisfy their corporate
social responsibility. At workplace the staff members are contributing their hard work in respect
to accomplish managerial targets. It will relates to the responsibility of the management to offers
their employees clean and secure working condition. It is also essential for management to offer
equal wages to their candidates that will support them to create effective goodwill in mindset of
staff members.
Market place – As it is one of an essential place where management is offering their
goods and facilities to their consumers. The management requires to adapt corporate social

responsibility that are connected to marketplace by which they might require to follow fair
exercises while competing with another merchandising sections. They should also adapt moral
exercise for influencing consumers. They should not offers falsely data in terms of their goods to
consumers that will create negative effects of the management in mindset of their consumers.
Such goods might develop negative effects on the welfare of individuals.
Supply chain - Supply chain is termed as a medium of the management and its supplier
that will support to create and distribute goods of the management to ultimate consumers. It
involves several sections for offering goods and facilities to consumer (Walters, 2021). It is
social responsibility of management that will also offers well-timed payment from their supply
chain that will support them in creating trust in between management and supply chain.
Society - Society involves individuals who has certain aspects and manner of living in
common spot. It involves wants that will support them to maintain its effects of society on the
management. The management can satisfy their duties towards gathering by making sure the
community growth and also create goods as according to their needs.
Public policy - Public policy is connected to group of law, regulative sections, plan of
activities, financial support that are connected with some certain field by authorial
representatives. As it will followed by the management for creating goodwill in mindset of their
consumers.
CONCLUSION
From the above mentioned report it has been concluded that, corporate social responsibility is an
responsibility of the management towards social group and ownership. It offers several
advantages to management and it develop an effective goodwill of the management in mindset of
customer. They also help the management of business from general individuals. It will enable
them to distinguish their goods from those of challengers and enable them to maximise their
gross sales of their goods. The management require to satisfy their corporate social responsibility
as efficiently by financing profit for social growth. As it will not termed as corporate social
responsibility but on the other side, such management are making profit that are effective.

REFERENCES
Books and Journals
Ani, M.K.A., 2021. Corporate social responsibility disclosure and financial reporting quality:
Evidence from Gulf Cooperation Council countries. Borsa Istanbul Review.
García-Sánchez, I.M., Rodríguez-Ariza, L. and Granada-Abarzuza, M.D.C., 2021. The Influence
of Female Directors and Institutional Pressures on Corporate Social Responsibility in
Family Firms in Latin America. Journal of Risk and Financial Management, 14(1), p.28.
Gonçalves, T., Gaio, C. and Ferro, A., 2021. Corporate Social Responsibility and Earnings
Management: Moderating Impact of Economic Cycles and Financial
Performance. Sustainability, 13(17), p.9969.
Khamis, N.I. and Wan Ismail, W.K., 2021. The impact of corporate social responsibility on
corporate image in the construction industry: a case of SMEs in Egypt. Journal of
Sustainable Finance & Investment, pp.1-19.
Liu, Z., and et.al., 2021. The effect of corporate social responsibility on employee advocacy
behaviors: a perspective of conservation of resources. Chinese Management Studies.
Shim, J.M., and et.al., 2021. Coffee shop corporate social responsibility (CSR) and reuse
intention using triple bottom line theory. British Food Journal.
Walters, R., 2021. Varieties of gender wash: towards a framework for critiquing corporate social
responsibility in feminist IPE. Review of International Political Economy, pp.1-24.