Corporate Social Responsibility in Tesco Essay Example | Topics and Well Written Essays - 250 words

Corporate Social Responsibility in Tesco - Essay Example As the paper highlights the stakeholder’s theory is common in the corporate social responsibility and Tesco has indicated development based on its environmental and social welfare. The corporate structure of Tesco as reflected on the responsibilities of corporate social responsibilities. The long-term goals and development of the company are outlined. In Hunnicutt, the stakeholder’s theory focuses on the development of valuable resources for the customers so that the corporation can gain their loyalty.This study outlines that according to the stakeholder’s theory, Tesco has managed its corporate social responsibilities; this has resulted to successful incorporation and the execution of its issues. The structure of Tesco has enabled it to implement diverse ethical aspects and formulating new strategies for CSR, Crifo and Ponssard. The stakeholder theory indicates that the major responsibility of businesses is to develop value for the consumers. This means that the CRS has the initiative of emphasizing on the company’s commitment to its stakeholders who are the employees who in return educate its consumers.  Tesco is committed to corporate responsibility and it has been renowned as the leading retail company in the United Kingdom. The Tesco stores sever diverse communities in the entire country and through the interaction; they manage to fulfill its duties as a business, employer, and neighbor. The customers usually expect the company to produce more local products.