CHAPTER
ONE
INTRODUCTION
INTRODUCTION
1.1 Background to the study
The
concept of corporate social responsibility has generated interest among a large
spectrum of people. Organisation is the creation of society whose survival
depends on the very society. The society in turn apparently seems to impose
certain responsibility on business organisation to discharge.
Corporate
social responsibility is an important area of corporate policy formulation. The
business environment as we have seen is constantly changing and significant
changes introduces new dimension in the formulation and implementation of
strategic policy. The recent changes in the business social-political environment
deem the business or modern corporation to- respond and report on social
performance. Corporate social responsibility is seriously considering the
impact of the company action on society. Social responsibility is an ethical
ideology or theory that an entity be it an organisation or individuals has an
obligation or individual has an obligation to act to benefit society at large.
Social responsibility is a duty every individual organisation has to perform so
as to maintain balance between the economic and ecosystem. A trade-off exists
between economic developments, in material sense welfare of society.
Kaliski
(2001). For instance, if a company follows United State Environmental
Protection agency guidelines for emission on dangerous pollutant and even gas. An
extra step is involve in the community and address those concern that public
might have; they may less likely to have environmental protection agency
investigating them for environmental concern. A significant element of current
thinking about privacy however, stresses “self regulation” rather than market
or government mechanism for protecting personal information. Sulire (1997)
according to some expert, most rules and regulations are formed due to public
outcry which threaten profit maximization and therefore the well-being of the
shareholder, and that if there is no outcry there will be limited regulation.
Dangote
group of companies is privately owned company that undertakes manufacturing
function in Nigeria. The company has some challenges such as the negative
policies of the organisations to respond to social issues, lack of finance. It
was on basis of these problems that prompted the researcher to embark on this
study in order to suggest solution to management of Dangote Plc, Calabar.
1.2 Statement of
the problem
Corporate
responsibility is the basis for survival of modern corporate organisation.
Indeed industrial leaders are careless about social issue and its effect on the
operational environment. However, for some years now it appears that the impact
of corporate social responsibility in Dangote group of company as been
distorted due to
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