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Related Abstract Nigeria is a country which is endowed with considerable energy reserves. The oil and gas reserves found are some of the largest in the entire world. Multinational companies have been involved in the exploration and transportation of crude oil and gas in the country.
The conduct of multinational enterprises in the region has been criticized because of allegations that corruption, bribery, environmental mismanagement, environmental contamination, and human rights abuses are being perpetrated towards indigenous communities.
As a consequence, multinational enterprises have engaged in corporate social responsibility CSR initiatives in order to create a better image while serving the needs of local communities.
Introduction Nigeria is one of the leading producers of oil and gas in the world. It has oil reserves that are estimated to be around 35 billion barrels while it has 5 trillion cubic meters of gas reserves Amaeshi et al, Nigeria is a country that has more than ethnic groups with over languages being spoken in the country.
Despite its huge energy reserves, the country remains poor with over two thirds of the people living in abject poverty. A total of six multinational organizations are operating in the Nigerian oil and gas sector.
The Niger Delta region is the main area where the oil exploration and production is being carried out by foreign enterprises Beauchamp, These foreign enterprises have been criticized for failing to take adequate measures that can alleviate the poverty and suffering of indigenous communities.
There have been accusations of corruption, mismanagement, environmental degradation, oil spills, contaminated water, and other problems in the region. As a consequence, there have been attempts by multinational enterprises to implement corporate social responsibility CSR initiatives in the region.
However, the existing literature does not comment upon the different CSR practices of MNCs in Nigeria with respect to the local stakeholders and communities. This study will seek to investigate and assess the efficacy of the ethical practices by the multinational enterprises as they related to the empowerment and betterment of indigenous communities.
Research Question The following research questions will be answered in this dissertation: What are the CSR strategies of multinational enterprises in Nigeria? What are the practical implications of CSR as it relates to improving the standards of living for local communities?
Is CSR a genuine attempt to empower communities or is it a marketing strategy by multinationals? Research Objectives To study the similarities and differences of the CSR initiatives implemented by multinational enterprises in Nigeria To determine the efficacy of CSR initiatives with respect to community empowerment and development To study whether multinational enterprises in the Nigerian oil sector are genuinely concerned about empowering communities or such initiatives are simply marketing tools to improver the image of multinational enterprises Literature Review Corporate social responsibility is a term used to denote the actions and policies implemented by business organizations that are in accordance with ethical and legal principles.
The goal of organizations is to implement self-regulation and align it with the overall business model.
The goal is to ensure that organizations can integrate ethics into their business model Carroll, A series of high profile business scandals in the past decades has meant that governments are now seeking to regulate the business environment through legislation that promotes transparency and accountability.
Additionally, the customer segments are highly conscious about the business activities of enterprises because the latter must be able to demonstrate ethical behaviors in accordance with their actions. Alternatively, organizations are seeking to reduce the costs of complying with legislation by implementing CSR initiatives so that they can achieve efficiency and effectiveness.
A number of theoretical approaches towards CSR have been developed in order to help organizations take responsibility for their actions while encouraging positive impact upon the environment, consumers, employees, and other key stakeholders.
Corporate philanthropy is a CSR theoretical model which calls for providing monetary donations and aid to different communities. Such donations can come in specific areas like social welfare, environment, housing, health, and others Carroll, The limitations of such a model are that it does not address the root causes of poverty and other problems in local communities.
Another theory is that CSR should be combined with the overall business strategy. This theory seeks to help local communities by recruiting locals and training them so that they can upgrade their skills.
Enterprises create support for local industries through mutually beneficial relationships. Another theory focuses on creating shared value because it believes that social welfare is directly linked with business success. It recommends organizations to focus on sustainable development as well as a skilled workforce so that efficiency can be attained Carroll, There is still a gap in the existing literature as to whether CSR can really bring positive benefits to local communities and other key stakeholders.
The Nigerian oil sector has been dominated by multinationals which have been accused of environmental degradation, corruption, human rights violations, and other abuses. As a consequence, they have sought to improve this by focusing on corporate social responsibility initiatives.
Other studies have disputed this as they argue that organizations operate on the principle of profit maximization.
Research Methodology Qualitative research has been selected for this dissertation because it helps to investigate the reasons behind any particular phenomenon.
This is suitable for this dissertation because the aim is to study corporate social responsibility and its efficacy in Nigeria. Quantitative research has not been selected because there is no need for statistics and figures in this dissertation.
The data will be collected from primary and secondary sources.Sep 16, · obesity problem in america essays mixed qualtitative and quantitative methods dissertation hero essay function is deckard a replicant essay writer buy my essay about doctorate without dissertation zones importance of introduction in .
Corporate social responsibility is a term used to denote the actions and policies implemented by business organizations that are in accordance with ethical and legal principles.
The goal of organizations is to implement self-regulation and align it with the overall business model. Literature review and research opportunities on credibility of corporate social responsibility reporting Author(s): John Abernathy, (Department of Accounting, Coles College of Business, Kennesaw State University, Kennesaw, Georgia, USA).
A Literature Review on Corporate Social Responsibility (CSR) and Consumers’ CSR Behaviours 0. A review of the literature on such matters indeed found that scholars had acknowledged such issue and had conducted some studies into such topic; although the study on such issues are still very limited (for example, as compared to issues .
2 Corporate Social Responsibility and Sustainable Business traditional boundaries of the organization. Most organizations can be placed somewhere in between. Corporate responsibility or sustainability is therefore a prominent fea-.
Practising corporate social responsibility has helped HSBC in meeting its customers’ needs, in ethically conducting its operations, in abiding by the law, in taking part in philanthropic activities, in protecting the environment and the interests of its customers and in building customer loyalty.