Contemporary issues in management Essay Example | Topics and Well Written Essays - 3000 words - 4

Contemporary issues in management - Essay Example Business enterprises are primarily responsible for generating profit and creating wealth but being a social entity, it has certain responsibility towards the society. The societal responsibilities that are pursued by companies comprise development of social equity and taking measures for environment safety and sustainability. Another contribution of business towards the society is developing better quality of life and standard of living for people. However, in this regard, mass scale debate has been observed between social and economic benefits of a business (Weber, 2008). The paper discusses convergence of social and economic benefits with respect to various CSR theories. Alongside, the implication of CSR has been evaluated in organisational framework of Sainsbury. In the critical discussion, the social, ethical and environmental contribution of the company will be analysed and also the concept of ‘greenwashing’ will be explored and examined in perspective of Sainsbury. Sainsbury PLC is one of the leading retailers in the United Kingdom food industry and over the time, the company has diversified in other non-food sector such as banking and financial services as well. Sainsbury is presently a world renowned brand having more than 1200 stores. The company operates by means of its convenience stores, online stores and the UK based supermarkets. The food business of Sainsbury has been diversified to accommodate other offerings such as clothing and general merchandise. The company also operate in property development sector by means of joint ventures (Sainsbury, 2014a). Sainsbury is a renowned brand in the UK and conducts its operation through 592 supermarkets and 611 local convenience stores. It was determined that the corporation generates more than  £1 billion revenue from its online sales. The company operates with more than 2100 food suppliers and 1300 non-food suppliers for serving consumers with large variety of