IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON POLYTECHNICS’ IMAGE IN NIGERIA
CHAPTER ONE
INTRODUCTION
1.1 The Story’s Background
The concept of Corporate Social Responsibility and its role in society has caused national and worldwide concern. Companies, organizations, and agencies cannot function in isolation within the society in which they operate, thus they must behave and contribute constructively to their host communities.
As stated by Ismail, there is no fixed definition of Corporate Social Responsibility (2009). According to the author, corporate social responsibility (CSR) is a company’s decision to act in ways that assist society and the environment rather than harming or destroying it.
Companies and organizations are required to be socially accountable to the society in which they operate in addition to producing and maximizing profits. Corporate social responsibility (CSR) is a widely accepted concept for this type of responsible corporate behavior.
CSR is also defined by Adeboye and Olawale (2012) as a company’s moral and ethical responsibilities to its employees, the environment, competitors, the economy, and a variety of other aspects of life that its operations touch. CSR (corporate social responsibility) is a self-regulatory business model that allows a company to be socially responsible to itself, its stakeholders, and society as a whole.
Matten (2004) defined Corporate Social Responsibility as an organization’s constructive response to social values and what it believes in, as well as its actions in accordance with these societal ideals. Companies can be conscious of their impact on all aspects of society, including economic and social norms, and behave accordingly in the normal course of business.
To summarize, Corporate Social Responsibility can be defined as:
-Maintaining a balance between shareholders’ and other stakeholders’ interests in society.
-Running a business that is ethical and environmentally responsible.
The importance of CSR in polytechnics cannot be overstated. Polytechnics are higher education institutions that offer a variety of programmes of study and confer degrees. They operate within host communities and societies, and so bear social duties to them.
The importance of polytechnics going beyond providing educational support and degrees to assisting and advancing society cannot be overstated.
1.1 Problem description
Some Polytechnics appear to be naive of their social responsibilities to society, while others are conscious to some extent and are working hard to make it a top priority not only in policy, but practically. Polytechnics, as institutional organizations, must guarantee that their social responsibilities are met, and they must strive to include social responsibilities into their internal policies and structures, as well as their exterior operations with and within their host communities.
1.1 The Study’s Objective
The primary goal of this research is to examine the impact of Corporate Social Responsibility on the image of Polytechnics in Nigeria. Other goals of this research will include:
To investigate Polytechnics and their societal Corporate Social Responsibility.
To determine if Polytechnics fulfill their societal Corporate Social Responsibilities.
iii. To investigate the relationship between Polytechnics’ image and their Corporate Social Responsibility.
1.4 Research Issues
Do polytechnics have a societal Corporate Social Responsibility?
Have polytechnics fulfilled their corporate social responsibilities?
iii. What is the perception of polytechnics in terms of Corporate Social Responsibility?
1.5 The Importance of the Research
This study will be very useful to academics, instructors, and students because it will add to existing literature and act as a reference point for future research. It would also benefit higher education institutions by assisting them in understanding and fulfilling their corporate social responsibilities to their host communities and society as a whole.
1.6 Scope of the Research
This study will concentrate on polytechnics in Nigeria, and the research will be conducted specifically at Alvan Ikoku Polytechnic in Owerri. This study will likewise concentrate solely on the effects of CSR on the image of Polytechnics, rather than on its solutions.
1.7 Limitations of the Research
Because this study was conducted on a small number of Polytechnics, its conclusions cannot be generalized or extended to all Polytechnics in Nigeria. Further research on the effects of CSR on other higher institutions of learning, such as universities, might be conducted, as this study does not address it.
1.8 Terminology Definition
This can be done as a distinct effect and influence.
Image: the overall impression that a person, organization, or product gives to the public.
Polytechnic: A higher education institution that offers courses at the degree level or lower, particularly in vocational topics.
REFERENCES
“Corporate Social Responsibility and Business Ethics: Effective Tools for Business Performance in Nigerian Banks,” Adeboye, O.R. and Olawale, S.R. (2012), Interdisciplinary Journal of Contemporary Research Business, 4(5), 274 – 279.
M. Ismail (2009), “Corporate Social Responsibility and Its Role in Community Development: An International Perspective,” Journal of International Social Research, 2 (9), pp. 199-210.
Matten, O., and J. Moon (2004), “Government as a Driver of Corporate Social Responsibility,” The United Kingdom in Comparative Perspective, International Centre for Corporate Social Responsibility Research Paper, 20, 68-91.
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IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON POLYTECHNICS’ IMAGE IN NIGERIA