The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS

Corporate Social Responsibility (CSR) is essential towards the success of corporations. Its essence is in making corporations part of the community in assisting its development through establishing projects, as a way of sharing part of their success to the marginalized communities. At the same time,...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Leka, Dennis C
التنسيق: أطروحة
اللغة:الإنجليزية
منشور في: Mzumbe University 2024
الموضوعات:
الوصول للمادة أونلاين:https://scholar.mzumbe.ac.tz/handle/123456789/1110
الوسوم: إضافة وسم
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author Leka, Dennis C
author_facet Leka, Dennis C
author_sort Leka, Dennis C
collection DSpace
description Corporate Social Responsibility (CSR) is essential towards the success of corporations. Its essence is in making corporations part of the community in assisting its development through establishing projects, as a way of sharing part of their success to the marginalized communities. At the same time, it assists the corporation in achieving the objectives it was set for by involving the stakeholders. In Tanzania, the practice of CSR is still largely voluntary despite having legislations such as The Extractive Industries Act of 2015, The Mining Act of 2010, The Petroleum Act of 2015 and The Environmental Management Act of 2004 that have provisions that require companies to have CSR. The provisions of the former Acts are not binding to companies that are of other nature of business other than what has been provided in the Acts save for the later Act that cuts across almost all nature of companies. This creates uncertainty on its regulation and hence underscoring the role of CSR towards achieving the corporate objectives. This study was centered on knowing the role of CSR and how it helps the company meet its objectives guided by the research question as to what is the role of corporate social responsibility. The research was conducted in Dar-es-salaam and Lindi regions in which a case study design was adopted. A sample of 15 respondents was involved in the study. The sample was obtained through purposive sampling. Data was collected using interviews, questionnaires, focus group discussion and documentary review and was analyzed using qualitative analysis and simple arithmetic in order to arrive into conclusions. The research has found that there is a serious loophole in the legal framework that was expected to address CSR. The study recommends to the Government and policy makers to have a comprehensive CSR law that will bind corporations to practice CSR in assuring that they meet their objectives and bring about sustainable development hence reduce the government’s burden. The companies are also advised to practice CSR in assuring they meet their objectives and maximize shareholders income.
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spelling oai:41.59.85.69:123456789-11102024-08-28T05:25:35Z The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS Leka, Dennis C SONGAS Corporate Social Responsibility Lindi CSR Corporate Social Responsibility (CSR) is essential towards the success of corporations. Its essence is in making corporations part of the community in assisting its development through establishing projects, as a way of sharing part of their success to the marginalized communities. At the same time, it assists the corporation in achieving the objectives it was set for by involving the stakeholders. In Tanzania, the practice of CSR is still largely voluntary despite having legislations such as The Extractive Industries Act of 2015, The Mining Act of 2010, The Petroleum Act of 2015 and The Environmental Management Act of 2004 that have provisions that require companies to have CSR. The provisions of the former Acts are not binding to companies that are of other nature of business other than what has been provided in the Acts save for the later Act that cuts across almost all nature of companies. This creates uncertainty on its regulation and hence underscoring the role of CSR towards achieving the corporate objectives. This study was centered on knowing the role of CSR and how it helps the company meet its objectives guided by the research question as to what is the role of corporate social responsibility. The research was conducted in Dar-es-salaam and Lindi regions in which a case study design was adopted. A sample of 15 respondents was involved in the study. The sample was obtained through purposive sampling. Data was collected using interviews, questionnaires, focus group discussion and documentary review and was analyzed using qualitative analysis and simple arithmetic in order to arrive into conclusions. The research has found that there is a serious loophole in the legal framework that was expected to address CSR. The study recommends to the Government and policy makers to have a comprehensive CSR law that will bind corporations to practice CSR in assuring that they meet their objectives and bring about sustainable development hence reduce the government’s burden. The companies are also advised to practice CSR in assuring they meet their objectives and maximize shareholders income. Private 2024-08-28T05:25:30Z 2024-08-28T05:25:30Z 2016 Thesis APA https://scholar.mzumbe.ac.tz/handle/123456789/1110 en application/pdf Mzumbe University
spellingShingle SONGAS
Corporate Social Responsibility
Lindi
CSR
Leka, Dennis C
The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
title The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
title_full The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
title_fullStr The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
title_full_unstemmed The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
title_short The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
title_sort role of corporate social responsibility in achieving the corporate objectives a case study of songas
topic SONGAS
Corporate Social Responsibility
Lindi
CSR
url https://scholar.mzumbe.ac.tz/handle/123456789/1110
work_keys_str_mv AT lekadennisc theroleofcorporatesocialresponsibilityinachievingthecorporateobjectivesacasestudyofsongas
AT lekadennisc roleofcorporatesocialresponsibilityinachievingthecorporateobjectivesacasestudyofsongas