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Question: Discuss About The Corporate Social Responsibility Management? Answer: Introducation In this reflective essay, I will reflect my knowledge, learning and experience on corporate social responsibility and its importance. Corporate social responsibility can be explained as the initiatives undertaken for the purpose of taking responsibility for the impact of the activities of the business on the well-being of the society and environment (Sharma Kiran, 2013). It is vital for a business to meet the responsibility towards the society as business and its operations are based on the resources society and environment is supplying to the business. Ignoring the corporate social responsibility of business towards the society and environment can result in facing disaster by the business. I have developed knowledge of regarding the corporate social responsibility with the help of secondary sources available. These secondary sources have formed a base for the knowledge I have gained (Lindgreen Swaen, 2010). Before undertaking the project, I used to believe that business operates with a sole motive to attain success by earning profits. I presumed that corporate social responsibility is the relationship between the business and society. Before undertaking the BUSN3017, I presumed that corporate social responsibility is being sustainable as resources provided by the environment are irreversible and scare. This perception regarding the corporate social responsibility was developed due to the lack of knowledge of the concept. I believed that business must ensure the safety of the resources of the environment and to eliminate the negative impact of the activities of the business on the environment. The existence of the business is for the attainment of profits by providing products or services to the customers. I believed that corporate social responsibility diverts the business from its aim which is to earn a profit and to maximise profits of the company (Choi, et. al., 2010). But after undertaking the project, I came to know that business is operating for earning profits by satisfying the needs of the customers as well as fulfilling its responsibilities towards the society. Society is supplying different resources which are required for conducting operations of the business. For analyzing the motive behind the existence of the business, there is a need to develop a deeper understanding of business and reason for its existence. I have seen that it is misunderstood by people that the existence of a business is only for earning a profit. I believe that existence of the business is dependent on the resources provided by society. Society forms a base for the existence of the business. Business must fulfill the responsibilities towards the society. I feel that corporate social responsibility is an important aspect of every business as business has two motives behind the execution of their operations. These two motives include earning a profit and fulfilling res ponsibility (Ioannou Serafeim, 2010). After undertaking the program, I have developed knowledge of corporate social responsibility and its importance for the business, society, and environment. Behaviour towards the business towards corporate social responsibility is changing and businesses are taking it as seriously. I have gathered information for analyzing the role of corporate social responsibility in this fast changing business environment. With the help of analysis of the secondary sources, I have gained an understanding of corporate social responsibility. I have understood that corporate social responsibility is a basic responsibility of every organization towards the society and environment to protect them from the adverse impacts of the organizations. Operations of the business create an adverse impact on the society and environment and these impacts need to be eliminated for enhancing the quality of society and environment. I have come across various debates which have discussed CSR. From those debates, I have concluded that business must aim at enhancing the wealth of different stakeholders which sums up the society (Bahadur Waqqas, 2013). I have seen that business activities are affecting the quality of society and environment. The need of CSR has increased due to the growing pressure from the investors of the business, increasing role of customers and society in the success and growth of the business, need for disclosing the role of business in coping with its responsibility towards society and environment and increasing competitive labor market. I have identified that society is facing several issues due to business and these issues include pollution, discrimination, unemployment, harassment, lack of freedom to speech and poverty. Businesses can deal with these societal issues by adopting CSR (Shabana Carroll, 2010). I have developed knowledge of theories which are developed by Milton Friedman and Ed Freeman. These theories have changed my perception towards the concept of CSR. Friedman has stated in its theory that business has a social responsibility which is to maximise the profit and manager of the organization must ensure the interest of stakeholders is considered. Stakeholder theory is focused on providing maximum benefit to the society. This theory describes the manner in which manager targets the satisfaction of the interest of the stakeholders. These theories have enhanced my knowledge towards CSR and its importance for the different stakeholders of the society. Another theory of CSR is a triple bottom line. This theory is an accounting framework which includes three parts. These three parts include social, environment and economy. This theory assumes that an organization is a part of the community and this provides a social responsibility to organization towards the society and environment (Lizarzaburu, 2014). This knowledge which I have gained during the execution of the program will help me in performing the roles and responsibilities assigned to me in the organization in a better manner. I have developed knowledge of the concept of CSR, its role for business and different theories which help in the fulfillment of the CSR of business towards the society and environment. This knowledge will help me in executing my actions according to the concept of CSR. Corporate social responsibility includes the responsibility of the business towards the human rights, finance, politics, and environment. An organization must ensure that interest of every stakeholder is considered for complying with the responsibility. I have learned that an organization must ensure that the interest of employees, investors, suppliers, customers, and shareholders must be considered while executing the operations of the business (Su, et. al., 2014). References Bahadur, W. Waqqas, O., 2013, Corporate Social Responsibility for a Sustainable Business, Journal of Sustainable Society, Vol. 2, No. 4, pp. 92-97. Choi, S. J., Kwak, Y. M. Choe, C., 2010, Corporate social responsibility and corporate financial performance: Evidence from Korea, Australian Journal of Management, Vol. 35, Issue 3. Ioannou, I. Serafeim, G., 2010, What Drives Corporate Social Performance? International Evidence from Social, Environmental and Governance Scores, Harvard Business School. Lindgreen, A. Swaen, V., 2010, Corporate Social Responsibility, International Journal of Management Reviews, 12: 17. Lizarzaburu, E. R., 2014, Corporate Social Responsibility and Stakeholder StratAnswer:habana, K. M. Carroll, A. B., 2010, The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice, Research Gate. Sharma, A. Kiran, R., 2013, Corporate Social Responsibility: Driving Forces and Challenges, International Journal of Business Research and Development, Vol. 2 No. 1, pp. 18?27. Su, W., Peng, M. W., Tan, W. Cheung, Y. L., 2014, The Signaling Effect of Corporate Social Responsibility in Emerging Economies, J Bus Ethics.