CORPORATE SOCIAL RESPONSIBILITY

Corporate social responsibility

Corporate social responsibility

Corporate social responsibility in Tesco

The importance of CSR in business

It is usually much more developed than a code of ethics, making more specific statements which apply ethical principles to situations which may commonly arise in the practice of the profession in question” (Carroll, A.; A. Buchholtz, 2006, 65-79). A code of conduct essentially instrumentalizes a code of ethics, making clear the applications of ethical concepts in everyday professional practice; it outlines “how to be professional”. A prominent sociologist remarked that: “A code is one way of making explicit the values implicit in the idea of service” (Carroll, A.; A. Buchholtz, 2006, 65-79). This buttresses public confidence, helps professional accountability and makes clear the core values of the profession. Of course, a code can be just a cosmetic exercise to reassure the public, or it can be a "socializing" mechanism for new members of the profession, a recognized tool for enhancing the profession's status or even a type of professional manifesto (Carroll, A.; A. Buchholtz, 2006, 65-79)

Tesco's ethical principles

Ethical principles which is basic rules the individual can examine its moral regulations and its judgment value. Ethical principles do not change, and staying constant by culture and national groups and for historical periods. (Carroll, A.; A. Buchholtz, 2006, 65-79)

Tesco's is Britains leading food retailer and has gained this position in the market throw giving good value and services to the customer. Even thow they are this successful they still are committed to their principles and values. This is shown by the fact that since 1997 the company has been at the top of the “Christian Aid league table for Ethical Commendments”. For Tesco, to keep this top spot as the leading successful retailer, it has to take in to consideration the concerns of each sector of the community; such as its customers , staff , shareholders, supplies and the local people who live close by. All of these have ideas they want to see happen and so Tesco has to meet as many of these which are practical.

How Tesco is perceived by internal and external stakeholders.

Stakeholder is every one that influenced from corporation decisions, policy and acts(Carroll, A.; A. Buchholtz, 2006, 65-79) and Every group that influence on the corporation or to be influenced by the corporation. (Carroll, A.; A. Buchholtz, 2006, 65-79) defined stakeholders are those individuals or groups who depend on the organization to fulfill their own goals and on whom, in turn, the organization depends. Tesco as the UK largest supermarket chain, the range of stakeholders is very board. This report will adopt the “Owners model — stakeholders” to analyze the relationship between the Tesco and its stakeholders.

Owners model - stakeholders is the theoretical frame to describe the organization and to evaluate the relationship system between the organization and the social surrounding; the model represents the organization as a reciprocal with variety groups and individuals that influence on organization acts or influenced by them or ...