Social Responsibility and Its Impact on Business Organizations in Akwa Ibom State
CHAPTER ONE
Objectives of the Study
The main objectives this study is to examine the place of Corporate Social Responsibility and it effect on the business organization on Nigerian Economy. The other specific objectives are:-
- To determine the significant effect of CSR on business organization.
- To identify the hindrances to organization social responsibility.
- To examine perhaps CSR policy to be incorporated in organization strategic goal.
- To determine the relationship between CSR and business performance.
CHAPTER TWO
LITERATURE REVIEW
Introduction
Ansong, A. et al. (2017). CSR is becoming increasingly complex. CSR and expense, gain, longterm survival, etc., are not directly related. Companies should meet stakeholder standards and reputations, advantage, respect, risk and dedication management, ethnic and legal equity, and asymmetry practice. CSR practice should be fully taken into account to achieve short and longterm goals and objectives and optimum efficiency and productivity. This demonstrates that it is important to perform many CSR studies in African countries. There is no direct relation between CSR and profitability, prices, sustainability in the long term, etc. The findings were not conclusive because of this. Observational studies, CSR relationships and financial results are often confusing, not definitive. It must be known that CSR is consistent with the success of the industry. Brettel, M. et al. (2010). The relationship between the CSR is theoretically agreed, provided the theoretical impact of the CSR experience on innovation. However, limited empirical research has been carried out on this relationship. Furthermore, few studies have examined whether there is a mediating effect between CSR and corporate performance from organization performance by current research specifically examining the effects of CSR on corporate performance. This study is aimed at helping. The results show that corporate social responsibility is a core driver of creative, productive and profitable corporate social responsibility. ESOs claim that most small companies do not follow corporate policy but follow CSR. It is not small and medium-sized businesses. Only after CSR is related to the core decision-making process can real benefits be achieved. It would be a real opportunity for positive change if we could encourage SMEs to value the business process when we are responsible. Enimil, H. A., et al. (2012). Based on the results of this report, CSR has a substantial and beneficial effect on the entire performance appraisal metrics used for literature review: finance, overtime organization, credibility, satisfaction with employees and brand distinction. While Ghana doesn’t depend heavily on CSR, literature shows that buyers are the most desirable, excellent images, high performance and sustainable. Amato et al. (2007).
CHAPTER THREE
RESEARCH METHODOLOGY
INTRODUCTION
In this chapter, we described the research procedure for this study. A research methodology is a research process adopted or employed to systematically and scientifically present the results of a study to the research audience viz. a vis, the study beneficiaries.
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
INTRODUCTION
This chapter presents the analysis of data derived through the questionnaire and key informant interview administered on the respondents in the study area. The analysis and interpretation were derived from the findings of the study. The data analysis depicts the simple frequency and percentage of the respondents as well as interpretation of the information gathered. A total of eighty (80) questionnaires were administered to respondents of which only seventy-seven (77) were returned and validated. This was due to irregular, incomplete and inappropriate responses to some questionnaire. For this study a total of 77 was validated for the analysis.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain social responsibility and its impact on business organizations in Akwa Ibom state. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of Institutional development as a challenge to social responsibility and its impact on business organizations
Summary
This study was on social responsibility and its impact on business organizations in Akwa Ibom state. Four objectives were raised which included; To determine the significant effect of CSR on business organization, to identify the hindrances to organization social responsibility, to examine perhaps CSR policy to be incorporated in organization strategic goal and to determine the relationship between CSR and business performance. A total of 77 responses were received and validated from the enrolled participants where all respondents were drawn from selected business organization in Akwa ibom state. Hypothesis was tested using Chi-Square statistical tool (SPSS).
Conclusion
The organization’s social responsibility cannot be limited by race, color or religion. Community and the unwritten social structures are a corporate social responsibility. This unknown culture will form nations with a brighter future. Initiatives would possibly be unsuccessful if workers do not see or recognize the goals of CSR initiatives. The goal of the analysis is to examine the effect on the organizational success of corporate social responsibility. The first section deals with the initiator element of research, which involves the fundamental aims, priorities and research topics discussed in the study paper. The literary analysis of the second chapter is proportionate to the discussion on the entire literary subject. The respective citations and references have been rendered in accordance with Harvard’s reference system. Subjects such as Corporate Social Responsibility, Group Level Responsibility, Corporate Social and Financial Responsibility, Corporate Social and Corporate Social Responsibility, Corporate Social and Competitiveness, Philosophical and corporate management. The section on research methods gives an overview of the whole research process. The inquiry is quantitative. The approach to analysis is a deductive approach to study that involves primary and secondary data. The key source of the survey is a survey questionnaire by the author to decide the appropriate data. In terms of statistical and numerical data, the data obtained was carefully analyzed. The study object is identified through data analysis. This research, therefore, determines the beneficial and effective effect on organizational efficiency of corporate social responsibility. Thus, by using these research findings, students or organizations can use the information correctly
Recommendation
Business organization should continue to incorporate CSR in their business policy for it is beneficial to both parties (business and other state holders) on the long run.
- There should be consensus of opinion on what actually should constitute corporate social responsibly
- The government should find a way of monitoring CSR so that it cost might not be passed back to consumers
- Since business cannot operate in isolation, business manager should not see CSR as a favour to the community but a duty.
References
- Abdullahi, M & Bala, H (2015). Corporate social responsibilities and financial performance of listed deposit money banks in Nigeria. Journal of Accounting Research and Practice, 4(1); 107-116.
- Abubakar, A (2016). Firm attributes, board characteristics and corporate social responsibilities of listed deposit money banks in Nigeria. Unpublished M.Sc. Dissertation, Ahmadu Bello University, Zaria Nigeria.
- Ali, I. Rehman, K.U., Yilmaz, A.K., Nazir, S. & Ali, J. F. (2010). Effects of Corporate Social Responsibility on Consumer Retention in Cellular industry of Pakistan, African Journal of Business Management, 4(4), 475-485
- Alinoor, M. N (2016). Impact of Corporate social responsibilities on financial performance in telecommunication industry: A case study of safaricom company limited. Unpublished MBA Thesis, United State International University Africa.
- Alsenawi, A. M. A & Banat, B. Y. I (2014). Corporate social responsibility: Palestine Stock Exchange. European Scientific Journal, 10(35), 154-169
- Amelia, M. R. (2012). Effect of firm characteristics, financial performance and environmental performance on corporate social responsibility disclosure intensity on manufacturing firmslisted in the Indonesia stock exchange. Faculty of Economy, Gunadarma University.
