Evaluating the Quality of Corporations' Commitment to their Economic Responsibilities: A Theoretical Study to enrich the Thought of CSR

  • Younis A. Battal Saleh General Electricity Company "GECOL" In Benghazi-Libya
Abstract viewed: 508 times

Download PDF downloaded: 508 times
Keywords: Corporate Social Responsibility, Corporate Economic Responsibility, Performance Evaluation, Effectiveness and Efficiency, Functional Organizational Structure

Abstract

Abstract -- The researcher presented the following argument, which is that, making a profit is not a sufficient indicator of the corporation’s commitment to its economic responsibility. The profit figure appearing in the financial statements indicates that there is a commitment by the corporation to its economic responsibility, but it does not reflect the level of quality of that commitment -whether the commitment is poor, good or excellent. For this reason, the researcher suggested the necessity of evaluating the economic responsibilities of the departments that make up the organizational structure of the corporation and contribute to achieving that profit. Unfortunately, the thought of CSR did not specify and describe those responsibilities. Therefore, this study is conducted as an attempt to get out of this predicament. This study aims to identify and describe the economic responsibilities of the departments included in the FOS of the corporation as the economic entities that contribute to achieving profit and through which the quality of the corporation's commitment to its economic responsibility can be judged. To determine and describe the economic responsibilities of the departments that make up the organizational structure in any corporation, the concepts of effectiveness and efficiency in accomplishing the functions assigned to those departments were selected as an approach to define those responsibilities, with the need to define criteria for evaluating the quality of effectiveness and efficiency.Through the concepts of effectiveness and efficiency in completing functions, this study was able to determine and describe the economic responsibilities for the senior management, the purchasing department, the production department and the marketing department that were chosen to be the subject of this study as they made the most impact on the profit figure. The idea of this study, which depends on the concepts of effectiveness and efficiency in performing the functions, can be adopted in defining and describing the economic responsibilities of the departments included in the FOS of any for-profit corporation. This study is an enrichment of the thought of CSR, and it will be considered as the starting point for many studies and research in this field.

 

Downloads

Download data is not yet available.

References

Y. A. B. Saleh, “CSR Evaluation: Challenges and contemporary issues,” Al-Hayat Al-Eqtisadiah newspaper, Apr. 2020.

A. B. Carroll, “The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders,” Bus. Horiz., vol. 34, no. 4, pp. 39–48, 1991, doi: 10.1016/0007-6813(91)90005-G.

A. A. Al Am, “Digitales Archiv,” Acad. J. Econ. Stud., vol. Vol.2, No., pp. 55–63, 2016.

Y. A. B. Saleh, “Corporate Donations as a Source of Financing an Innovative Strategic Economic Plan to Strengthen the National Economy in More Than One Axis in Developing and Poor Countries: A Justified View,” Bus. Innov. Entrep. J., vol. 3, no. 1, pp. 45–61, 2021, doi: 10.35899/biej.v3i1.200.

T. Bivins, “Responsibility and Accountability,” Ethics in public relations: Responsible advocacy, pp. 19–38, 2006, doi: http:// dx.doi.org/10.4135/9781452204208.n2.

G. Hunt, “Accountability,” http://www.freedomtocare.org/.

A. bin M. A.- Husseini, “Accountability and Responsibility,” International Economic Al Arab′S Newspaper, Mar. 2017.

F. of the Earth, “Briefing: Corporate Accountability,” 2005. http://www.foe.co.uk/resource/briefings/corporate_accountability1.pdf (accessed Nov. 28, 2012).

M. Wilson, K. Wnuk, J. Silvander, and T. Gorschek, A literature review on the effectiveness and efficiency of business modeling, vol. 12, no. 1. 2018.

J. R. Larson and C. Callahan, “Performance Monitoring: How It Affects Work Productivity,” J. Appl. Psychol., vol. 75, no. 5, pp. 530–538, 1990, doi: 10.1037/0021-9010.75.5.530.

A. Neely, Measuring Business Performance. London: The Economist Books, 1998.

P. Dusenbury, Governing for results: The report of the urban institute’s goveming-for- results and accountability project. Washington DC: The Urban Institute.

R. J. O. Omosa, “Procurement Performance Measurement Systems ; a Survey of Large Manufacturing Companies in By,” no. November, 2005.

G. A. Ahmady, M. Mehrpour, and A. Nikooravesh, “Organizational Structure,” Procedia-Social Behav. Sci., vol. 230, pp. 455–462, 2016, doi: 10.1016/j.sbspro.2016.09.057.

C. Christino, “Top management: what is it and what are its responsibilities?,” 2021. https://blog.softexpert.com/en/top-management-and-its-responsibilities/.

Published
2022-03-05
How to Cite
[1]
Y. A. Saleh, “Evaluating the Quality of Corporations’ Commitment to their Economic Responsibilities: A Theoretical Study to enrich the Thought of CSR”, BIEJ, vol. 4, no. 1, pp. 43-59, Mar. 2022.