The paper reviews existing literature on Corporate Social Responsibility (CSR) to ascertain the level of corporate social responsibility activities that will enhance the performance/profitability of businesses in Nigeria. It revealed that the success of an organization depends on the extent to which the organization is capable of managing its relationship with key groups, such as financial and stakeholders, but also customers, employees, and even communities or societies. Stakeholders must be considered in the decision making process of the organization. CSR is a concept that includes many different activities and actions which businesses have to involve themselves in for the purpose growth sustainability and growth of businesses. Businesses that voluntarily participates in local community development, such as providing the community with donations, assisting them with projects and sharing some of its profit with the community, helps to increase the business profitability in the long-run.
Corporate Social Responsibility: Concepts, Perspectives, and Link with Corporate Performance: Literature Review (Published)
Nowadays, the term of Corporate Social Responsibility (CSR) becomes increasingly important. The growing trend of CSR becomes an interested challenge for companies and their management. There is an integration of positive attitudes, practices, or programs into company’s business strategy at the top management level. For companies and their management, it is important to know if CSR activities lead to financial and non-financial benefits. The paper reviews the CSR concepts, definitions and the link between this concept and performance.
The Role of Human Resource Professionals (HRP) In Promoting Corporate Social Responsibility (CSR): A Case Study of Pakistan State Oil (PSO) (Published)
The current research investigates the role of Human Resource professionals (HRP) in promoting Corporate Social Responsibility (CSR) in the public sector of Pakistan. Pakistan is part of the developing nations and is facing serious socio-economic, environmental, and political problems; partly because Pakistan has remained under the influence of British colonial rule. The long British colonial rule left serious administrative issues throughout the Indian subcontinent. This paper has identified a number of obstacles to integrating HRM and CSR that companies in Pakistan is facing. These obstacles are cultural, legal framework of corporate structure, rules and regulations regarding employee’s rights, which are a part of the CSR landscape. Corporate social responsibility is getting more popular in the HRM literature, where HR managers’ role is of greater significance for achieving CSR objectives. The authors develop a conceptual framework, which can help in strengthening and promoting links between HR and CSR resulting in achieving organizational, social, and financial objectives. In light of the findings, policy implications and recommendations are discussed in last section of the paper.
Analysis of Correlation between Corporate Social Responsibility (CSR) and Business Performance Management (BPM) Of the Commercial Banks in Dong Nai Province (Published)
The research objective is to find the Pearson’s correlation coefficient. Correlation is a technique for investigating the relationship between two quantitative, continuous variables. In addition, the Pearson’s correlation coefficient (r) is a measure of the strength of the association between the two variables, especially; the correlation is significant between Corporate Social Responsibility (CSR) and Business Performance Management of the commercial banks in Dong Nai province. The study results showed that there were 200 staffs of commercial banks in Dong Nai province who interviewed and answered about 10 questions but 168 staffs processed. Data collected from December 2016 to March 2017 for commercial banks in Dong Nai province. There are the Cronbach’s Alpha test and the result of KMO analysis which used for correlation analysis. Staffs’ responses measured through an adapted questionnaire on a 5-point Likert scale. Hard copy and online questionnaire distributed among 1.000 staffs of commercial banks in Dong Nai province. In addition, the correlation is significant at the 0.05 level between Corporate Social Responsibility (CSR) and Business Performance Management of the commercial banks in Dong Nai province. The research results processed from SPSS 20.0 software.
An ethnographic research method that allows for a blend of aspects of qualitative and quantitative investigations was adopted in this study to establish whether both the oil prospecting companies and their host communities have the same view that mutual coexistence between the two parties is very feasible and relatively cheaper via excellent CSR practices by the oil companies. CSR, an acronym that stands for Corporate Social Responsibility, is the persistent commitment by a business organization to ethically behave to contribute maximally to the economic and environmental advancement of the quality of life of its workforce and the society, particularly the host communities. It was hypothesized that excellent CSR practice by the oil companies might be a potent solution to the violent crisis that has unfortunately characterized the relationship between oil prospecting companies and their host, the oil producing communities in the Niger Delta. The effectiveness of seven indicators of CSR as perceived by the oil corporations and the oil-producing areas in the resolution of the brutal conflicts in the Niger Delta were empirically investigated. A large sample of 2,487 was drawn by proportional stratified random sampling technique from the host communities and oil companies for the study. Results showed an overwhelming discrepancy between oil companies’ staff and oil producing areas indigenes for each of the seven CSR indicators. While host communities absolutely or strongly favored adoption of CSR as a viable strategy for ending the crisis and ensuring ultimate peace in the Niger Delta; the staff of oil prospecting companies held a diametrically opposite view. It is therefore recommended very strongly that oil producing companies in the Niger Delta should accord primary attention to excellent CSR practices to guarantee mutual peaceful coexistence and optimum oil production in the Niger Delta Region.
INTEGRATION OF CORPORATE SOCIAL RESPONSIBILITIES (CSR) INTO BUSINESS STRATEGIES, A MEANS OF ENHANCING THE SUSTAINABILITY OF BUSINESSES: CASE OF FOOD PROCESSING COMPANIES IN RWANDA (Published)
Corporate social responsibility (CSR) is of high relevance for food companies as this sector has a strong impact and a high dependence on the economy, the environment and on society. CSR’s threats and opportunities are increasingly shifting from the single-firm level to food supply chains and food networks. This induces substantial challenges for the future due to firm heterogeneity and the associated diversity in CSR approaches. At a time when global environmental issues are becoming more critical than ever, environmental protection is an obligation that any corporate citizen owes to nature and the society, for we have a duty to protect the home that we mutually share. Environment protection, energy conservation and emission reduction have been and shall continue to be the persistent objectives of these entrepreneurs. Food transformation companies must be committed to pro-active environmental protection by optimizing their production processes and helping to develop a low-carbon economy, as they strive to build an environment-friendly enterprises and facilitate development in harmony with nature. This article intends to remind entrepreneurs that CSR is founded on a stronger recognition of the role of business as an active partner in a world of scarcity and dwindling resources. It shows also how we can reduce negative socio-environment impacts in our operations? The solution is by integrating CSR into value chain of businesses.
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) ON PROFITABILITY OF FIRMS: A CASE STUDY OF FERTILIZER & CEMENT INDUSTRY IN SOUTHERN PUNJAB, PAKISTAN (Published)
The Corporate Social Responsibility (CSR) is a powerful tool or channel for ensuring greater benefits to the individual organization and enables a better engagement in the society. The study examines how Corporate Social Responsibility (CSR) is contributing to mass access of Fertilizer & Cement Industry in the local and global market. The study used cross section primary data from the level of executives of the corporations. Towards the achievement of its objectives this study uses descriptive statistical tools. The findings of the study revealed that practicing of CSR is playing pivotal role to pick up the brand image and reputation of the Pakistani Fertilizer & Cement Corporations to the customers in the local and global arena. This study focuses on the society that has a lot of sacrifices for the benefits of these organizations, as a result of which the organizations must share the fruits of profit to society in the form CSR.In Pakistan , the major part of society is poor and government is unable to cater with the general problems of the society/population and the business organization have earning huge profits in the same country and in the same society. In our country the contribution of society towards the business organizations is at maximum but the CSR activities in Pakistan are not up to the mark.