Assess the Corporate Social Responsibility of...

CHAPTER ONE 1.1 INTRODUCTION Mobile telecommunication industries in this country with time have increasingly played major roles in not only the lives of the people within the community in which they are situated but also in the total economic well being of the country as a whole through their social responsibility activities. The Mobile telecommunication industry in this country has increased tremendously within the past couple of years, and have increasingly played major roles in not only the lives of the people within the community in which they are situated but also in the total economic well being of the country as a whole through their social responsibility activities. The idea of Social Responsibility has developed†¦show more content†¦Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure its support to law, ethical standards, and international norms. Consequently, business would embrace responsibility for the impact of its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Furthermore, CSR-focused businesses would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. Essentially, CSR is the deliberate inclusion of public interest into corporate decision-making, and the honoring of a triple bottom line: people, planet, profit. Stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle, that is, what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders, it is financial analysts who are predominantly focused - as well as past financial performance - on quality of management as an indicator of likely future performance. Developed countries have worked out a way around ensuring that local and international businesses or companies makeShow MoreRelatedCorporate Social Responsibility ( Csr )1535 Words   |  7 Pages CHAPTER ONE 1.1 INTRODUCTION AND BACKGROUND: BACKGROUND OF THE STUDY Corporate Social Responsibility (CSR) an essentially American phenomenon has over the years become a major concern in Western Europe and in other countries of the world aiming to follow in the western model of development. According to Drucker (1986). The genesis of the debate on the concept of CSR has been traced to the wave of crisis in social values that engulfed America in the post-World War II period and most especiallyRead MoreCorporate Social Responsibility in Nigerias Telecommunication Sector15201 Words   |  61 PagesTITLE PAGE CORPORATE SOCIAL RESPONSIBILITY IN NIGERIA’S TELECOMMUNICATION SECTOR A CASE STUDY OF GLOBACOM NIGERIA LIMITED ENUGU ZONE BY EZEIGWE, GRACE CHINYERE BA/2007/163 A PROJECT REPORT SUBMITTED TO THE DEPARTMENT OF BUSINESS ADMINSTRATION, CARITAS UNIVERSITY, AMORJI- NIKE, ENUGU, ENUGU STATE. IN PARTTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE (B.Sc.) DEGREE IN BUSINESS ADMINISTRATION. AUGUST, 2010. 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