International Journal of Advanced Research in Management and Social Sciences
  • Year: 2019
  • Volume: 8
  • Issue: 5

Stirring corporate social responsibility: An imperative for corporate organizations in Nigeria

  • Author:
  • Anacletus Ikechukwu Ogbunkwu
  • Total Page Count: 10
  • Page Number: 52 to 61

PhD, Godfrey Okoye University, Enugu

Online published on 5 December, 2019.

Abstract

This paper aims at provoking Corporate Social Responsibility among the Corporate Organizations in Nigeria. The paper employs the philosophical method of hermeneutics and Turabian documentation in the attempt to analyze the degree to which Corporate Organizations in Nigeria respond to their Corporate Social Responsibility for the supposed beneficiaries. Towards achieving the stated aim, the paper studies Corporate Social Responsibility as corporate business self-regulation for the mutual benefits of both the organization, supposed host environment and other stakeholders. Also, the paper studies the major Corporate Organizations in Nigeria, assesses the degree of compliance to the imperatives of Corporate Social Responsibility and to suggest innovative perspectives to Corporate Social Responsibility in order to effect impactive and desired social change in Nigeria. From the findings, it is obvious that Nigeria attracts lots of Corporate Organizations because of her many natural resources. Also, the finding makes it obvious that though some corporate organizations in Nigeria care about Corporate Social Responsibility, it is quite disheartening that very many others do not care much to this regard. The implication of this disregard to Corporate Social Responsibility include; host aggression, vandalization and other forms of obstructions to Corporate Companies, high turnover rate of employees, poor condition of service, e.t.c. The implication of the study is that great success will be achieved when Corporate Organizations anchor their business operation on the triple interest-base and orientation of Corporate Social Responsibility: People, Planet and Profit.

Keywords

Corporate Social Responsibility, Nigeria, self-regulation