AN APPRAISAL OF SOCIAL RESPONSIBILITY PRACTICE BY NIGERIAN CORPORATE ORGANISATIONS (A CASE STUDY OF ANAMBRA MOTOR MANUFACTURING COMPANY EMENE-ENUGU) (ANAMMCO)
This research project concerned the study of an appraisal of business social responsibility practiced by corporate organization.
A case study of Anambra Motor Manufacturing Company (ANAMMCO). Investigation were made the money to support it should be obtained.
Since the study is aimed at appraising social responsibility practice, by corporate organization.
The main instruments used for the collection of data were questionnaires for primary data both structured and unstructured questions.
Materials from libraries, company records and other research units served as a source of secondary data.
The research ensured that the questionnaire possessed to a large extent the characteristics necessary and adequate for the purpose of validity and reliability. This tool the form of pilot study to test the usefulness of the instrument. In my recommendations, the researcher emphasized that no matter how minute social responsibility is, corporate organizations should carry it out in order to improve the environment of the community in which the business operates.
1.1 BACKGROUND OF THE STUDY
In the early 1900’s the mission of business firm was exclusively economic. Today, partly due to interdependencies of many groups in on society, the social involvement of business has increased.
There is a question as to what the social responsibility of business really is. Moreover, the same question originally asked of business is now being addressed with increasing frequency to the people in government, universities, non-profit organization, charitable organizations and even churches.
Thus: we talk about the social responsibility and social responsiveness of all organisaiton although the focus of our study is on corporate organisaiton.
Society awakened and vocal with respect to the urgency of social problems is asking managers particularly those at the top, what they are doing to discharge their social responsibilities and why they are not doing more.
The concept of social responsibility is not new, although the idea was already considered in the early part of the twentieth century. The modern discussion of social responsibility got a major impetus with the book social responsibility of business men by Howard R. Bowen, who suggested that business should consider the social implications of their decisions. The concept of social responsibility refers to the firm’s consideration of and responses to the issues beyond the narrow economic, technical and legal requirement of the firm. It is the firm’s obligation to evaluate in its decision making process the effect of its decision on the external social systems in a manner that should accomplish social benefits along with the traditional economic gains which the firms seek.
In the recent years, the concept of social responsibility of business managers have become a popular subject for discussion and debate within both business and academic circle. The distinct phase namely:
a. Profit maximization management
b. Trusteeship management
c. Quality of life management
The phase one (profit maximization management) believes that business managers have one objective which is to maximize profit. Legal framework with the environment of the firms operation was the only constrain. The origin of the view may be found in Adam Smith’s wealth of the nations. The trusteeship managers recognize the interest of the other groups. They are profit satisfiers that is they balance the profit of the owners and the organization with the wages for employees, taxes for the government, interest for the creditors and so forth.
The quality of life manage agrees that selfish and group interest are important, but the society is good for the company. He agrees that profit is essential for the firm, but that profit is not the end of objective of the firm. As far as money and wealth are concerned, his set of values would tell him that money is important but people are more important than money.
In today’s business world, there are people who subscribe for the three phases of social responsibility concept. Perhaps the majority of the business managers today adhere to phase two concept of social responsibility. Those businessmen emphasize on good wages and working condition and forthright in dealing with their customers and suppliers. A growing number of academicians and business executive appear to be accepting the phase two concept of social responsibility.
1.2 STATEMENT OF THE PROBLEM
Oil spillage in some of the oil producing states is alarming and some pollution caused by industries in on country is on high rate in 1980s and early 1990. the problems of communities where the oil operate bring these problems constructively to the attention of the companies with which they have developed a regular forum for meetings.
These companies have created ecological disaster, gas flowing in the communities.
Therefore, the problem to be looked into in this research is that corporate organizations do not bother about their social responsibility to the environment where they operate.
Furthermore, poverty, lack of essential facilities and unemployment are increasing in alarming proportion, as a result of this, the need and expectations of the society are not by the business organizations. Also, it seems that the government provides the essential facilities needed by the society.
1.3 OBJECTIVE OF THE STUDY
The corporate organizations naturally have their own mix and different emphasis. The overall objectives of every organisation survival, growth, profit, economic contributions and social obligation. It is a known fact that firms in Nigeria lay more emphasis on profit maximization.