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Corporate Social Responsibility And Social Economic Development Using Banking And Telecommunication Industries
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1.2 STATEMENT OF THE PROBLEM
In
recent years there have been series of arguments, debates and
controversies among businessmen, academics, government officials and the
society in general on what should be the principle objectives of
business enterprises. Over the years, managers have neglected the
problems created by corporate firms to their host communities. These
problems possess a lot of threat and sometimes make life difficult for
these communities. The privilege giving to organization to operate in
the society stems from the fact that society believes that there is a
mutual interdependency existing between them, that is, the organization
and the society. The relationship between organizations and their host
community has become increasingly important.
Despite the roles
played by organizations carrying out corporate social responsibility and
the growing importance of social responsibility, the following issues
have not been fully addressed:
i. Why should organizations be socially responsible to their environment?
ii. What benefits do organizations get from performing its corporate social responsibility?
iii. Why is social responsibility considered as a waste drain of business resources?
iv. Are organizations in Nigeria socially responsible?
In
view of the perceived information gap, it is therefore worthwhile
collating and aggregating in a more organized manner, the contributions
of Nigerian corporations [using banking and communications industries as
a focus] to the well-being of the society.
1.3 RESEARCH QUESTIONS
1. To which degree are CSR commitments successfully enacted in practice?
2. Is CSR perceived as a meaningful tool for social and economic development?
3. What are the opportunities and limitations of CSR?
4. What are the factors responsible for the adoption of corporate social responsibility.
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ABSRACT - [ Total Page(s): 1 ]In the Nigerian society, Corporate Social Responsibilities [CSR] has been a highly cotemporary and contextual issue to all stakeholders including the government, the corporate organization itself, and the general public. The public contended that the payment of taxes and the fulfillment of other civic rights are enough grounds to have the liberty to take back from the society in terms of CSR undertaken by other stakeholders. Some ten year ago, what characterized the Nigerian society was fragrant ... Continue reading---
