Learning the Theory and Application of TESCO in Terms of Corporate Social Responsibility Free Essay Example, 1500 words

The sustainable business theory relates to the process of change in which the resource exploitation, the orientation of technological development, the direction of investments, and institutional change are all in harmony and enhance both the current as well as the future potential to meet the needs and aspirations of the humans. The theory of corporate sustainability can be well explained by the following diagram which highlights the ethical and business arguments that work towards common societal goals and sustainability goals. Tesco works on the sustainable business theory by maximizing the profits along with a contribution towards society. They have a long term relationship with the suppliers to deliver the best of the products possible. The sustainability in the business of Tesco has moved from being handled by a junior in public relations department to being embedded in the core business with clear delivery plans, rewards, and measurement. They have the willingness to collabora te in order to work together on systematic challenges. Tesco is achieving the sustainability in business by delivering safe and quality products, having fair and honest pricing, and strong commitment of data protection of 40 million customers whose records are kept by the customers to reward customer loyalty. We will write a custom essay sample on Learning the Theory and Application of TESCO in Terms of Corporate Social Responsibility or any topic specifically for you Only $17.96 $11.86/pageorder now Thus it maximizes its business by being a global company and also takes care of the social impetus. Corporate governance is defined as a system of law and sound approaches by which the organization is controlled and directed focusing on the internal and external corporate structures with the intention of monitoring the actions of directors and management and mitigating agency risks which may result due to the misdeeds of corporate officers. There are different theories and a model around the world for corporate governance (Tricker and Tricker, 2012, pp. 88-89). The model depends on the variety of capitalism in which they are embedded.