THE NECESSITY OF CORPORATE SOCIAL RESPONSIBILITY FOR ORGANIZATIONAL GROWTH

CHAPTER ONE

 INTRODUCTION

1.1 BACKGROUND STUDY

The broadest definition of corporate social responsibility is what the relationship is or should be between global corporations, national governments and individual citizens.

At the local level, this definition deals with the relationship between a company and the communities in which it is based or operates. Another definition deals with the relationship between a company and its stakeholders.

The topic of corporate social responsibility (CSR) has been discussed since the 1950s. A recent analysis by Secchi (2007) and Lee (2008) reports that the meaning and practice of defining CSR has changed. The classical view of CSR was narrowly confined to philanthropy, but has since shifted to the relationship between business and society, especially as it relates to the contribution that businesses and corporations make to solving social problems. In the early 20th century, social performance was tied to market performance. However, the pioneer of this view, Oliver Sheldon (1923, quoted in Bichta, 2003), encouraged management to take the initiative in raising both ethical standards and justice in society through the ethics of frugality. did. Efficient resource mobilization and use. In this way, business creates wealth for society and ensures a better standard of living.

CSR (also known as corporate responsibility, corporate citizenship, responsible business, and corporate social opportunity) today is about making organizations responsible for the impact of their activities on customers, suppliers, employees, shareholders, and communities, and social responsibility. The concept of taking into account the interests of and other interest groups and their environment. This commitment indicates that the organization must comply with the law and take voluntary initiatives to improve the well-being of employees, their families, communities and society as a whole.

CSR refers to the strategies companies and businesses use to conduct business in an ethical and socially friendly manner. CSR includes a variety of activities such as: Examples include partnerships with local communities, socially responsible investments, building relationships with employees, customers and their families, and participation in environmental and sustainability activities.

1.2     STATEMENT OF THE PROBLEM

Organizational growth depends on the collective contributions of customers, employees, stakeholders and the environment. It has been observed that most organizations fail in corporate social responsibility.

Most companies release smoke into the environment from their manufacturing processes, thereby endangering people in their communities.However, it is the responsibility of the organization to ensure that the safety of the host community is fully respected. . One of the social tasks of the organization is community development and the organization is expected to give back to the host community. Organizational productivity is determined by employee commitment. When employees are treated unfairly, it affects organizational productivity. Employee welfare is her one of the organization’s social missions. Employee welfare should be a top priority when running an organization, but most organizations treat their employees unfairly.

An organization’s turnover depends on the loyalty of its customers. Customers should be treated right, not harshly. Respecting customers is an organization’s social responsibility. This study is conducted to examine the need for corporate social responsibility for business growth.

1.3     OBJECTIVES OF THE STUDY 

The general purpose of this study is to examine the need for corporate social responsibility for corporate growth. Specific goals are:


1. Determine whether an organization is fulfilling its corporate social responsibility.

2. Find out if bad business behavior towards customers is affecting business growth.

3. Find out if employee mistreatment affects company growth. 4. Know the role of corporate social responsibility in community development.

5. Identify the relationship between corporate social responsibility and organizational profitability.

1.4     RESEARCH QUESTIONS

Research questions related to this study are:


1. Does your organization take corporate social responsibility seriously?

2. Will bad business behavior toward customers affect business growth?

3. Does employee mistreatment affect business growth?

Four. What role does corporate social responsibility play in community development?

5. What is the relationship between corporate social responsibility and organizational profitability?

1.5     SIGNIFICANCE OF THE STUDY 

he results of this study are relevant for tissue management. The growth of an organization depends on its ability to strictly fulfill its social responsibilities as a company.

Findings from this study can also be used as a reference for other researchers who are likely to conduct research on related topics.

1.6     SCOPE OF THE STUDY

The scope of this study was limited to the need for corporate social responsibility for business growth.

1.7     LIMITATION OF THE STUDY

The main obstacles faced by researchers in producing this study included lack of time, reluctance of respondents to provide information, and limited resources.

1.8     DEFINITION OF TERMS

Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by providing economic, social and environmental benefits to all stakeholders.

Organization growth:
The process by which the structure of a polygenic system organization increases the number of its roles and connections.

A stakeholder is someone who has an interest or investment in something and is influenced by it, and who cares about the outcome. Community development is the process of community members coming together to take action and find solutions to common problems.

 

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