Learning Log of Tesco CSR and SB Assignment Example | Topics and Well Written Essays - 1500 words

Learning Log of Tesco CSR and SB - Assignment Example management and is important for all business and it is incorporated into the operations of the organization through its culture, values, decision making, strategy and reporting mechanisms. As described by Wood, corporate social responsibility has the basic idea of linking the business with the society rather than describing the s distinct entities (Idowu and Filho, 2008, p.165).The corporate social responsibility started since 1950s. Archie Carroll’s theory forms the basis of corporate social responsibility. This pyramid of Carroll’s theory comprises of four responsibilities. The first is the economic responsibility to be profitable. The second comprises of the legal responsibilities that is to obey the law that is set forth by the society. The third part of the pyramid is linked with the second part and comprises of ethical responsibilities that the business should have, to do what is right even when the business is not compelled to do so by the law. The fourth is the philanthropic or the discretionary responsibility it is all about the resources contributed by the corporations towards the educational, social, recreational or cultural purposes. The Carroll’s theory helps the organizations to comprehend the necessary principles of social responsibility, set forth the practices to achieve each step of the pyramid with the ultimate goal of reaching the top. As per the Carroll’s theory, TESCO fulfills all its economic responsibilities by being the Ireland’s top retailer; it even fulfills its legal responsibilities by following the rules and regulations. It lays down practices of being ethical by serving healthy food and satisfying the customers well by serving them more of local products and being more cautious about their impact on the neighborhood and faces the environmental challenges. It practices its philanthropic responsibilities by serving a large number of communities throughout the country, it takes care about its responsibilities as business,