Effect Of Social Responsibility On Business Organization
(A Case Study Of Emene Rice Milling Company In Enugu State)
Social responsibility significantly impacts business organizations in various dimensions, influencing their reputation, sustainability, and community engagement. Embracing social responsibility initiatives enables companies to enhance their brand image by demonstrating ethical behavior and commitment to societal welfare. By integrating environmentally friendly practices, such as sustainable sourcing and reducing carbon emissions, businesses can mitigate their environmental footprint and contribute positively to ecological preservation. Moreover, engaging in philanthropic activities and supporting local communities fosters goodwill and strengthens stakeholder relationships, potentially leading to increased customer loyalty and employee morale. Furthermore, adherence to ethical labor practices, such as fair wages and safe working conditions, not only upholds human rights but also mitigates risks associated with negative publicity and legal ramifications. Overall, by embracing social responsibility, businesses can foster long-term sustainability while positively impacting society and the environment.
Social responsibility is an obligation of any organization to discharge to the area of operation. Every organization are bound to show interest on the issue of responsibility. It is what determines organizations standard and also their effort towards improving their efficient.
The need for social responsibility on business organization is over emphasized because it is what shows how interested an organization is an the part of area they are operating.
Consequently this research work envisage and evaluate the effect of effect social responsibility on business organization and have suggested ways of improving and encouraging organization to discharge their responsibility.
In the introductory chapter the background statement of the problem significance of the study purpose of the study research questions hypothesis and scope of the study were all toiled to suit their purpose as well as a guide towards a better compreshsion of the study.
The second chapter an elaborate review of related literature is carried out various authors experts on certain components of research topic were reviewed and employed to throw more light on this present study.
Cover page
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
1.1.1 Introduction /Background
1.2 Statement of problem
1.3 Objective of the study
1.4 Significance of study
1.5 Scope of study
1.6 Research question
1.7 Definition of terms
CHAPTER TWO
2.0 LITERATURE REVIEW
CHAPTER THREE
3.0 Method and source of data
3.1 researcher population
3.2 sample method used
CHAPTER FOUR
4.0 Date presentation and analysis
4.1 Distribution and return of questionnaire
4.2 Test of hypothesis
CHAPTER FIVE
5.0 Finding recommendation and conclusions
Recommendations
Conclusions
Bibliography
appendix
1.1 INTRODUCTION/ BACKGROUND OF THE STUDY
Social responsibility could be defined as the recognition that business activities have some impact on the entire society and the consideration of that impact in business decision making. Therefore most business sense of responsibility toward the communities in which they operate in new of the adverse effects of production operations on these communities. Some of these social adverse effect range from health hazards displacement human settlements to environment pollution. Shell petroleum development company for instance has been grappling with the restive behaviour of youths in its area of operation occasioned by the activities of oil companies.
Also output whether that of products and or service could have adverse effects consumers some common example are cigarettes and medical drugs. Business for have the responsibility of educating user of their products or service on their correct usage in order to avoid side effects.
Business organizations also show that they are socially reasonable to their host communities by complimenting the efforts of the government by providing infrastructure facilities like schools hospitals tarred road and eve supporting sports and culture.
It is with the foregoing in mind that the research carried out this work to identity the effects of social responsibility in Enugu state as well as proffer solutions to the likely problem associated with discharging it.
1.2 STATEMENT OF THE PROBLEM
On discharging their social duties to their host communities business organizations encounter some problem that affect them negatively. Such problems are as follows
Some organizations have insufficient managerial and financial resources to undertake social charges.
Some organization could not fit in be cause of legal protection from the government of the state.
Social values of come communities affect the operation activities of business organization.
The contribution of social problem based on personal responsibility affect negatively an business organization.
Pollution normally affect the society around the business operation and the organization usually stop operation because of their disturbance in an area for all the above problem the researcher thought it worthy to go into the study
1.3 OBJECTIVE OF THE STUDY
The following objective were used to explain or describe
1) To identify the effect of social responsibility on business organization.
2. To find out the benefit of social responsibility to the organization and individuals.
3. To determine whether organizations should embark on social responsibility
1.4 SIGNIFICANCE OF THE STUDY
This research work will be useful the following ways
It will enable business organizations in Enugu state carry out function of social responsibility better.
This work will identify and examine some areas where business organization in Enugu state would have to make adjustment.
It is the hope of the researcher that this work be a reference point to other researcher
1.5 SCOPE OF THE STUDY
This research is to identify and analyze the effects of social responsibility on business organization in Enugu state.
The study will be limited to just Emene Rice Milling company Enugu due to its easy accessibility.
This research work was constrained by limited finance unco-operative attitude of some
1.6 LIMITATION OF THE STUDY
In carrying out this research work the researcher was faced with certain constraints which includes times poor co-operation from the respondents of what can be described as negative attitude of the respondents.
On the issue of time constraints the researcher due to lass activities and some other department activities that was being dome along line with the research work.
Finance also stand as one of the major constraint in carrying out this research work because the capital to carryout this research work properly respondents.
1.7 RESEARCH QUESTION
1. What social responsibility organization is obliged to discharge?
2. What causes social responsibilities to be discharged?
3. Do organizations respond to societal request?
4. Why and also who should benefit from social responsibilities of business organization?
5. What can the government do if business firms refrain from discharging their social responsibilities?
6. And finally what legal backing allows the organization to discharge its social possibilities.
1.8 DEFINITION OF TERMS
Host-communities area where a company operates or is located.
Social responsibility, often referred to as corporate social responsibility (CSR) or corporate responsibility, is the idea that businesses have a broader responsibility beyond just making profits. It entails considering the impact of a company’s actions on society, the environment, and various stakeholders. The effect of social responsibility on a business organization can be significant and can encompass various aspects:
- Reputation and Brand Image: Embracing social responsibility can enhance a company’s reputation and brand image. Businesses that actively engage in socially responsible practices are often viewed more favorably by consumers, investors, and the general public. This positive perception can lead to increased customer loyalty, higher brand value, and improved market positioning.
- Consumer Trust and Loyalty: Consumers today are more conscious about the ethical and social practices of the companies they support. Businesses that demonstrate a commitment to social responsibility are likely to earn the trust and loyalty of socially conscious consumers. This can result in repeat business and positive word-of-mouth recommendations.
- Employee Engagement and Retention: Employees often seek to work for companies that align with their values and have a positive impact on society. Socially responsible organizations tend to attract and retain talent more effectively, as employees are motivated by the sense of contributing to a greater purpose.
- Investor Relations: Investors are increasingly considering a company’s social and environmental performance when making investment decisions. Companies with strong social responsibility initiatives can attract responsible and ethical investors, which can positively impact their stock performance and access to capital.
- Risk Management: Addressing social and environmental issues proactively can help businesses mitigate potential risks. For instance, companies that take steps to reduce their environmental footprint may avoid legal, regulatory, and reputational risks associated with environmental violations.
- Innovation and Competitive Advantage: Embracing social responsibility can drive innovation. Companies that focus on finding sustainable solutions and addressing societal challenges often discover new markets, products, and services that can provide a competitive edge.
- Community Relations: Engaging in social responsibility initiatives within the local community can foster positive relationships. Businesses that support community development, education, and charitable activities demonstrate their commitment to being good corporate citizens.
- Long-Term Sustainability: Prioritizing social responsibility can contribute to the long-term sustainability of a business. By considering the well-being of various stakeholders, including the environment, employees, customers, and communities, companies can create a more resilient and enduring business model.
- Regulatory and Legal Compliance: Many industries face increasing regulatory pressure to address social and environmental concerns. By proactively integrating social responsibility into their operations, businesses can ensure compliance with existing and future regulations.
- Supply Chain Management: Social responsibility practices can extend to a company’s supply chain, encouraging suppliers to adopt similar ethical standards. This can lead to improved supplier relationships and a more responsible and transparent supply chain.
It’s important to note that the extent and impact of social responsibility efforts can vary based on factors such as industry, company size, geographical location, and organizational culture. While embracing social responsibility can yield numerous benefits, it’s essential for businesses to approach it authentically and sustainably, rather than as a mere PR strategy.