Using the Pyramid of Corporate social responsibility describe and Essay

Using the Pyramid of Corporate social responsibility describe and evaluate John Lewis's approach to Corporate Social responsibility - Essay Example To cater for this need, Carroll developed the pyramid of cooperating social responsibility (Crowther, 2010). The pyramid arranges the critical issues into philanthropy, ethic, legality and economic sectors. Philanthropy implies that the company should own up to the community. Contribute parts of its resources to the community, thereby improving the quality of life. Ethics covers doing what is right and fair. This means the business should not harm the community. In the past before the adherence of environmental policies, factories would pollute the rivers and the environment in a bid to getting rid of waste. Ethics forbids harm to the community, which may also occur in hoarding the goods for better prices. Legality covers obeying the law. The business should be legal and observe laws within the state, paying taxes, license renewal among other policies. Economic aspect includes the sole purpose of running a business. The aim is to make a profit. Without profit, the company cannot be able to meet its expenses and growth (Crowther, 2010). John Lewis Partnership embraces the premise of sustainability. The approach involves maintaining effective governance, actively engaging stakeholders, continuous performance monitoring and managing risks and opportunities. In order to maintain effective management, the Partnership employs well-educated and talented people with leadership traits. Such people are trained to make sound business decisions and to ensure the corporate achieves its goals. The board of managers and directors work hand in hand with other employees to provide a balance between investments and favorable working conditions. Waitrose and Lewis encourage sustainability by allocating resources to achieve focus. In comparison with the pyramid, this is in-line with the economic aspect. Without efficient decision making the company would run at a loss (John Lewis Partnership). Stakeholders include employees, suppliers, government agents and