THE SOCIAL RESPONSIBILITY OF COMPANIES ON THE DEVELOPMENT OF THEIR HOST COMMUNITIES
Chapter One
Introduction
1.1 Background to the Study
Profit maximization was seen as a major challenge and overarching economic motive for all companies. A stable socio-political and investment environment for companies to draw on resources from the local environment to pursue their profit goals and to operate successfully. If a business organization depends on society for its existence, it makes sense to adapt and maintain this environment culturally to ensure its continuity. In this regard, the orientation of modern business managers is changing to reflect the increasingly important interdependence between organizations and their environments, and their active involvement in the welfare and environment in which companies operate. There is a growing public attraction that and increase their profits.
However, the purpose of starting a business is to provide competitive goods and services to consumers and society at large. However, this does not mean that we have completed our commitment to people, especially the host communities in which we do business and operate. While there are no laws about what kind of services host communities should receive from businesses, host communities have at least a moral obligation to provide hosts. They do this by helping develop infrastructure such as the necessary access roads, and by helping to provide quality water for livelihoods and electricity for local residents. Other forms of service that can be provided to young members of this community, and of course employment to those who have graduated from college.
There are many other services that the host community can benefit from. B. Providing safeguards against air or water pollution. On the other hand, we would like to ask for your continued patronage from the local community, and we ask for your further patronage in order to ensure the safety of the lives and property of our employees and employees outside the region. Therefore, business people need to recognize the need to keep in mind the welfare of society as a whole while conducting business based on social responsibility.
1.2 Statement of the Problem
The controversy surrounding the public demand for corporations to actively participate in the welfare and welfare of their communities and in the social environment in which they operate and generate profits is one of the problems this study seeks to resolve. It’s one. Does corporate social responsibility play a role in the business organization and the company’s overall marketing efforts?
Does corporate social responsibility contribute to the overall sales of the company? Is the idea of ”SHELL PORT-HARCOURT” that companies do not have to take social responsibility towards society true or false? What are the benefits of corporate social responsibility to the general public? The question of this study is what is the corporate social responsibility response?
1.3 Scope of the Study
The scope of corporate social responsibility associated with this project focuses on the commitments companies voluntarily make to themselves to ensure the survival of the system in which they thrive. In order to provide the reader with an overview base for understanding all the implications of corporate social responsibility, this responsibility should be examined.
1.4 Objective of the Study
This research work was carried out with the following main objectives:
a. Fulfillment of partial performance requirements for the conferment of a bachelor’s degree. Faculty of Management, Oduduwa University, Ipetumodu, Iruife.
b. to research and determine the extent of the benefits that the paper company has contributed to the development of Port Harcourt in accordance with its corporate social responsibility;
c. Investigate the causes of corporate nonchalant attitudes toward corporate social responsibility for the development of host communities.
Namely, to advance the resolution of corporate social responsibility issues for the development of the host community.
1.5 Research Questions
This study aims to provide answers to these questions.
a. Does Corporate Social Responsibility Promote Community Development?
b. How has the company fulfilled its social responsibility in the community?
c. Know the scope of the implementation of this policy, the issues, controversies and difficulties companies face in fulfilling their social responsibilities in their host communities. 1.6 Research hypothesis
To carry out this project, the following research hypotheses are formulated.
1.6 Research hypotheses
H0:
Corporate social responsibility does not significantly facilitate the success and development of the host community
H1:
Corporate social responsibility greatly enhances the success and development of the host community.
Hypothesis 2 I:
H0:
There is no significant relationship between entrepreneurial success and social responsibility.
H1:
There is an important relationship between entrepreneurial success and social responsibility.
1.7 Significance of the Study
This study is important in that it provides a basis for further research on the topic by providing relevant data.
This research is important because companies are being criticized for ethical, moral, economic and political reasons. Corporations have also helped shape our physical environment, with pollutants such as Shell’s toxic waste buried in abandoned factories. Solid waste was dumped into lakes, seas and rivers. Toxic gases are released into the air we breathe. Attempting to be socially responsible creates additional costs and expenses for the industry.
This survey is important because it helps “SHELL COMPANY” and its customers better understand and appreciate their efforts to date. If anything, it also helps governments and registries.
They are also effective legislators and help set achievable standards when it comes to corporate social responsibility.
1.8 Limitation of the Study
The data used in writing this research paper were obtained from both primary and secondary sources. The authors of this project work faced several problems in gathering information from various sources.
Initially, the biggest problem he faced in gathering information for this project work was financial constraints, as the cost of surfing the Internet was high for him.
1.9 Definition f Terms
Multinational Corporation (MNC) or Multinational Corporation (MNE)
These are organizations that own or control manufacturing or service facilities in one or more countries other than their home country. For example, a company may be called an MNC if it is registered or operates in multiple countries. It is usually a large company that produces and sells goods and services in various countries. Sometimes referred to as an international corporation or a “multinational corporation”. Social responsibility is an ethical theory that states that an entity, whether an organization or an individual, has an obligation to act in the interest of society as a whole. Social responsibility is the duty that each of us must fulfill to maintain economic and ecological balance. There can be trade-offs between economic development in the material sense and social and environmental well-being.
Social responsibility means:
to keep a balance between the two. It affects not only businesses, but everyone whose actions affect the environment. This responsibility can be passive, avoiding engaging in socially harmful behavior, or active, engaging in activities that directly advance social goals. community:
Social beings of all sizes who share common values. Although embodied or face-to-face communities are usually small, larger or broader communities such as national, international and virtual communities are also being considered. In human communities, intentions, beliefs, resources, preferences, needs, risks, and a variety of other conditions that influence participants’ identities and levels of cohesion may exist and be common. Host country:
Countries visiting individuals or organizations from other countries or states for governmental invitations or meetings.
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