Ethical responsibilities and the performance of manufacturing firms in Nigeria (Published)
Corporate social responsibility (CSR) is a public relations concept geared towards actualizing the objective of maintaining favorable environment for the community within which the organization exists and from where it derives its sustenance. The sphere of responsibilities by corporate bodies cut across economic, legal, ethical and philanthropic dimensions. This study focused on ethical responsibilities and the performance of manufacturing firms in Nigeria using Lafarge Cement Company as case study. The major objective of the research was to examine how ethical considerations are adhered to in the operations of manufacturing firms. The research also aimed to ascertain the resultant effect of corporate expenditure in creating a conducive and friendly business environment. The study used ex-post facto research design to obtain secondary data from the financial report of the company. Multiple regression analyses were used to find the relationship between variables and their significance. The findings revealed that waste management cost does not significantly affect financial performance of the company. The result of the study showed that CSR affects the financial performance when viewed holistically. However, the chosen variables show no significant effect.
Keywords: Corporate Social Responsibility, ethical responsibility. Performance, manufacturing firm
Business ethics and corporate social responsibility for business success and growth (Published)
The concepts of ethical behavior and corporate social responsibility have come to the fore in recent years in both developed and developing countries as a result of growing sense of corporate wrongdoing. These two concepts can bring significant benefits to a business. The idea that business enterprises have some responsibilities to society beyond that of making profits for shareholders has been around for centuries. The paper addresses the concepts of business ethics and corporate social responsibility. From the perspectives of MBA students and managers, it came out that business ethics and social responsibility are very important for organizational growth and success. Specifically, they consider business ethics to lead to positive employee, customer and community relations. Not only that but also, they perceive that better public image/reputation; greater customer loyalty; strong and healthier community relations can inure to the benefit of corporations that are socially responsible. Implications of the findings are finally drawn.
Keywords: Business Ethics, Corporate Social Responsibility, and Business Growth