scholarly journals Social responsibility of business: concepts, typology and formation factors

Author(s):  
Oleh Kuzmin ◽  
◽  
Natalia Stanasyuk ◽  
Olena Ugolkova ◽  
◽  
...  

In the article the authors analyze the approaches to the definition of "social responsibility". The paper substantiates the relevance of implementing the principles of corporate social responsibility. The authors study the types of social responsibility and its manifestations. It is concluded that corporate social responsibility initiatives are based on four different categories, namely ethical responsibility, philanthropic responsibility, environmental responsibility and economic responsibility. The implementation of the principles of economic responsibility is extremely important, because in this case, economic decisions are made, taking into account their overall impact on both society and business. Thus, economic responsibility can improve business operations by engaging in sustainable practices. It is proposed to divide all factors influencing the formation and development of social responsibility of the company into two groups: factors of action (tax system and public administration systems; government surcharges, subsidies, rewards, etc .; creation of special funds, savings, etc .; volunteering and private initiative ; other factors) and factors of provision (development of investment activity; formation of mechanisms of motivation and stimulation of involvement in the decision of social problems; construction of effective management systems; introduction of public-private partnership). The group of factors of action influences both at the national and local levels. Provision factors are based on the intensification of investment activities, which is the basis for innovation, which in turn will provide additional cash flow and create a strong financial and economic base for the formation of social responsibility systems. The article describes one of the possible options for the process of financial and economic support of social responsibility. It is substantiated that the consideration of these factors by business entities in their activities will help increase social investment, improve the image of companies, increase their attractiveness as participants in the business environment.

2020 ◽  
Vol 17 (4) ◽  
pp. 33-43
Author(s):  
M. V. Bikeeva

Purpose of the study. The research materials continue the author's series of articles devoted to the problems of the stakeholder approach. The social responsibility of business acts as a launching pad for fruitful cooperation and interaction between business structures and authorities. The concept of corporate social responsibility is very dynamic, characterized by constant transformation, change and enrichment with new ideas. So, if in the middle of the XX century it developed rather slowly, not finding a response in the business environment, then in the XXI century it is “preached” as the main business philosophy by most of the advanced countries. At the same time, a characteristic feature of existing scientific approaches is the emphasis on technocratic and economic positions and the complete absence of approaches based on the relationship between business and stakeholders. However, such approaches from the author's point of view are insufficient for the entire range of requirements imposed by the external and internal environment on modern business. The ambiguity of the interpretation of the concept under study made it possible to state the complexity of this category and its multidimensional nature. In this regard, there is a need for a comprehensive statistical assessment of the degree of business socialization and the choice of appropriate tools for this.Materials and methods. The statistical assessment of the degree of business social responsibility is based on local criteria, combined into five blocks. The presented system of criteria characterizes the activities of the business taking into account the requirements of the stakeholders. At the same time, the list of criteria can be adjusted when socio-economic trends and problems of society change. The information base of the study was the annual and financial reports of regional enterprises, the results of expert assessments. The hierarchy analysis method and the graphical polygon (radar) method were used as a tool for assessing the degree of business socialization.Results. The article concretizes the concept of social and economic responsibility of business. The author's approach covers the idea of a responsible partnership based on the interaction of business with a wide range of interested groups involved in active and passive forms of participation in its operations. The variety of interests of stakeholders representing various subjects of market interaction emphasizes the multi-criteria nature of the category of “social and economic responsibility of business”. Statistical tools are fully capable of providing an assessment of the entire spectrum of signs of corporate social responsibility. The integral indicator of the degree of social responsibility, built on the basis of the hierarchy analysis method, made it possible to distinguish four degrees of business socialization: low, moderate, noticeable and high. For each degree of socialization, characteristic features are determined. The results of the study showed that as the degree of social responsibility grows, business performance indicators increase and its well-being in the long term depends on the coordination of the interests of key participants in corporate relations. An integral assessment of the degree of business socialization was carried out according to twenty-six local criteria. As a result of calculating the private and local ranks of the values of the corresponding criteria, fifteen polygons of the degree of socialization of the regional business were built, included in the sample. The results obtained make it possible to ascertain the existence of a high degree of heterogeneity of regional enterprises in terms of the investigated integral indicator. The leaders in terms of social responsibility are JSC “Teplichnoye”, OJSC “Mordovcement”, OJSC “Elektrovypryamitel”, OJSC “Lato”. Outsiders include OJSC Cheese-Making Plant “Ichalkovsky”, Ltd “Lisma”, OJSC “Stankostroitel”, OJSC “RubEx”. Among the features of regional enterprises, one can single out the heterogeneity in the distribution of indicators along the radial straight lines. JSC “Teplichnoye” is characterized by sharp fluctuations in rank values, which is most active in interaction with consumers, its own personnel, but also stands out as one of the smallest values of the block associated with relationships with business partners. A similar situation is observed among outsider enterprises. The proposed methodology can be used as a tool for a comprehensive study of existing trends in the practice of socially responsible business behavior, characteristics of the results achieved, as well as identifying problem areas that focus additional attention.


Think India ◽  
2018 ◽  
Vol 21 (3) ◽  
pp. 13-18
Author(s):  
Abhijit Ranjan Das ◽  
Subhadeep Mukherjee

Corporate Social Responsibility (CSR) is not a very new concept, it is an old concept. Earlier, in India it was optional to the company that they may contribute voluntarily towards CSR but after the Companies Act 2013, it was formally introduced in the business environment and was made mandatory for those companies whose net worth and profit cross a threshold limit. They should contribute 2% of the average net profit of just preceding three years profit. This paper primarily focuses on CSR practices of some selected public sector petroleum companies in India. The study has been conducted based on the Annual Reports of seven selected public sector companies. Five years of data on CSR spending from 2009–10 to 2014–15 were examined. Moreover, the pattern of expenses was also examined. Since petroleum companies are giants of the India economy and contribute significantly towards the Gross Domestic Product (GDP) of our country. Thus it is necessary to look into how these companies are contributing towards CSR. An attempt has been made to examine the early impact of Section 135 of the Companies Act.


2020 ◽  
Vol 21 (4) ◽  
pp. 29-41
Author(s):  
Elżbieta Lorek

The article deals with the problem of implementing standards based on corporate social responsibility (CSR) in enterprises. It describes issues related to the definition of the concept of corporate social responsibility and the scope of activities affected by CSR. The article also focuses on the advantages of applying CSR principles in an enterprise as well as the controversies and dangers that may arise. The article contains numerous references of the described issues to the observed reality.


2018 ◽  
pp. 145-154
Author(s):  
Yevhen Ionin ◽  
Liliia Tarasenko

Social responsibility of business takes a special place in the terms of modern development strategy of the economy of Ukraine. This responsibility suggests such direction of the enterprise activity, which takes into account not only the personal interests of the company, but also the needs of society. The continuation of European integration processes, the exit of companies into international markets require from the business entities appropriate openness and transparency, coverage of the goals of achieving the goal of the enterprise, the tools at which such a goal is achieved. The multidimensional nature of links, which are arising during the operational activity, leads to the existence of significant impact on the internal and external environment of the enterprise. Issues of corporate social responsibility of public-interest enterprises, which, in particular, are part of the oil and gas industry, are of particular relevance. The article analyses the current state of carrying out socially responsible activity at foreign and domestic enterprises of the oil and gas industry. The components of corporate social responsibility and their impact on the enterprise` functioning and on satisfaction of social needs are investigated. The socially responsible activity has positive nature, however, at the same time, there are certain barriers of the strategy` implementation within the framework of the mentioned activity, among which financing is a key issue that requires the enterprise to properly plan and analyse the costs of socially responsible doing business. The need for planning and evaluating corporate social responsibility programs is highlighted in the article. Using the example of gas transportation enterprise, the SWOT-analysis as an instrument of obtaining information for justified decision-making is reviewed.


2020 ◽  
Vol 5 (2) ◽  
pp. 63-71
Author(s):  
Nicoleta-Daniela Milu

In Romania, large companies, most of which are multinationals, have made significant progress in integrating the concept of corporate social responsibility (CSR) into their activity. The concept of CSR in small and medium-sized companies is still in the early stages of reporting, but with great development prospects. Romanian companies have gradually begun to develop their own culture in terms of social responsibility. The main objective of this article is to analyze how Romanian authors approach CSR theories in their research. The CSR action is seen by the authors as an interdependent relationship between corporations and society. Social requirements are generally considered to be a way in which society interacts with the business environment and gives it a certain legitimacy and prestige. Given that the history of the concept of CSR is long and diverse, I must emphasize that this article focuses on the publications of Romanian authors who based their work on a theory of CSR, providing an original perspective and understanding of the concept of CSR. The research methodology approached involves analysis and synthesis appeal. The study shows that integrative theories are the most common, based on the papers of Romanian authors regarding the concept of CSR. Most articles are based on the idea that the business depends on society to continue its activity and to develop, there is an interdependent relationship between the company and society.


2021 ◽  
Vol 11 (1) ◽  
pp. 31-42
Author(s):  
Nataliia Riabets

The paper presents the results of the study of the manifestations, trends of business social responsibility during the pandemic and gives the dominant directions of its practical implementation. The paper provides the results of the analysis of the evolutionary development of views and approaches to theoretical and conceptual understanding of corporate social responsibility. The impact of business social responsibility on the results of its activities and the quality of relationships with stakeholders is revealed. A study was also conducted on the transformation of directions and tools for the practical implementation of CSR initiatives before and during the spread of the pandemic. Potential directions for establishing a constructive conversation business structure with society, which will have a positive impact on the success and stability of the business, as well as on social development in the current environment have been identified. A study was carried out to evaluate the perception of the social responsibility by domestic business organizations and awareness of its trends, and the need for its implementation and advantages. A comparative analysis of the development of corporate social responsibility in the world and in Ukraine has been conducted. Trends and mechanisms that have a transformational impact on the formation and implementation of CSR in modern conditions of development are identified. The priority vectors of CSR programs of international business entities in the face of a pandemic are outlined. The necessity of developing a business process management model based on corporate and social responsibility tools has been formulated, taking into account the desire of business to conduct successful activities in a highly dynamic global environment.


2018 ◽  
Vol 14 (1) ◽  
pp. 83
Author(s):  
Frank Ochsendorf

This article discusses the impact of investments by foreign firms in healthcare and hygienic measures on indigenous society in late-colonial Indonesia (1910-1940), focusing on three principal centers of foreign investment activity: Java, East Sumatra and the island of Belitung. Such facilities, although primarily intended for workers and their families, were sometimes accessible for members of indigenous society without contractual or family connection to the private company furnishing them. In rare cases, private companies invested directly in the welfare of local communities. The article concludes that the impact of the social investments on the state of health of indigenous communities was generally positive and a much-needed addition to scarcely available public healthcare. While such social investments can be regarded as examples of proto-corporate social responsibility strategies, the improvement of welfare was always a means through which the ultimate goal could be achieved: survival of the company and maximization of profits.


2020 ◽  
Vol 74 ◽  
pp. 04004
Author(s):  
Tatjana Daudisa ◽  
Velga Vevere

Businesses today have to juggle between the need to survive due to increased competition and the pressure to become socially and environmentally responsible business entity. Consistent with the intensification of discussion about the importance of embracing CSR among businesses, the issues now has expanded to the concern over the future of CSR. In view of this, the future of CSR will depend on how the future generations perceive the importance of embracing CSR in business operations. The purpose of the current study is to research the business students’ perception of importance of ethics and corporate social responsibility courses within their curriculum. The quantitative research design is applied in the study – the target group survey using 7-point Likert scale questionnaire, nonprobability purposive sampling (n=131). The research question posed in the current article is the following: Does business students’ attitude towards CSR and ethics depend upon taking these courses as part of BBA and MBA curriculum? The result of the study – the mapping of students perceptions and attitudes towards ethical aspects taught at the university. The practical implications of the current study are of improvement of BBA and MBA curriculum to meet the needs of the 21st century in the globalized business environment.


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