Corporate Social Responsibility Practice of Ethiopian Industries: Mesfin Industrial Engineering in Focus By: Brhane Weleslase Advisor: Professor
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Date
2018
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Abstract
Nowadays, in the postmodern era, the society is becoming active and cost-benefit analyzer. As a result of a fast growing socio-economic and political development and awareness, societies ask and seek answers for their questions more than ever before. “The search for answers to these questions necessitates a corporate vision that goes beyond the conventional, economically driven business perspective. In the past decade the search for these answers led to the development of the concept corporate social responsibility. Corporate social responsibility can be defined as concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. The purpose of the study was to investigate how Mesfin Industrial Engineering engages in corporate social responsibility. Corporate social responsibility embraces four (legal, ethical, economic and philanthropic) components/domains that was developed by Carroll in the form of pyramid. As a heoretical framework, the researcher used Corporate social responsibility model under social and stakeholder theories. In regard to research method, the research was done by riangulation method. Sample survey was conducted with 290 respondents applying probability sampling design and systematic sampling technique from both internal (135 employee respondents) and external (155 respondents from the nearby community members) stakeholders using size proportionate. The sample size was determined by Rao software sample size calculator. The survey was also accompanied by interview: both key informant and in-depth-interview, and document analysis. Finally, the data gathered through questionnaire from survey were analyzed using tables and percentages descriptively by using SPSS software version 20. And the qualitative data were analyzed thematically. The finding of the study showed that the industry mainly works on good employees handling, economic domain of corporate social responsibility and from the philanthropic aspect it participates in sport. In a half way as the results showed the company works with in the legal framework. Whereas, results showed that the company does not work on environmental protection, education, healthcare, infrastructure, and ethical aspects of corporate social responsibility. From the findings the study gives a general remark that corporate social responsibility is not well practiced by industries in Ethiopia. Therefore, the researcher suggests organizations need to know the advantage of engaging in corporate social responsibility. The researcher understood and forward a strong comment that so as to make visible the value of working in corporate social responsibility, governments, media, non-governmental organizations, civil societies and scholars play decisive role.
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Keywords
corporate social responsibility, stakeholder, industry, community, public