IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v7y2023i11p600-623.html
   My bibliography  Save this article

“Corporate Social Responsibility (CSR): How does it Keep Roles in Establishing Company’s new Customers as Well as Employees, Innovation, Creativity and its External Imageâ€

Author

Listed:
  • Bishno Pada Chakrabarti

    (The Premier Bank Limited, Bangladesh)

Abstract

This dissertation comprehensively investigates the profound influence of Corporate Social Responsibility (CSR) across multiple dimensions of a company’s operations. It examines CSR’s pivotal role in establishing and cultivating new customer relationships, elevating employee engagement, catalyzing innovation and creativity, and shaping the external image of organizations. Drawing upon an extensive review of existing literature and empirical research, this study illuminates the potent effects of CSR initiatives. It highlights how these initiatives serve as powerful tools in not only attracting but also retaining customers, fostering brand loyalty, and conferring a competitive edge in highly competitive markets. Furthermore, the research underscores CSR’s capacity to draw in top talent and cultivate a workplace environment that elevates job satisfaction, commitment, and motivation among employees, thereby enhancing productivity and staff retention. Additionally, it explores the transformative potential of CSR in inspiring employees to devise innovative solutions for addressing pressing societal and environmental challenges, nurturing entrepreneurship, and uncovering new business opportunities. Lastly, this study reveals that when effectively communicated, CSR initiatives bolster a company’s reputation, fostering trust and positive public perception, which in turn enhances brand equity. By shedding light on these multifaceted aspects of CSR, this research elucidates its profound importance in contemporary corporate strategies, aligning with the ever-evolving expectations of stakeholders and the imperatives of sustainability, thereby offering invaluable insights for business leaders, policymakers, researchers, and society as a whole.

Suggested Citation

  • Bishno Pada Chakrabarti, 2023. "“Corporate Social Responsibility (CSR): How does it Keep Roles in Establishing Company’s new Customers as Well as Employees, Innovation, Creativity and its External Imageâ€," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 600-623, November.
  • Handle: RePEc:bcp:journl:v:7:y:2023:i:11:p:600-623
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-7-issue-11/600-623.pdf
    Download Restriction: no

    File URL: https://www.rsisinternational.org/journals/ijriss/articles/corporate-social-responsibility-csr-how-does-it-keep-roles-in-establishing-companys-new-customers-as-well-as-employees-innovation-creativity-and-its-external-image/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Duygu Turker, 2009. "Measuring Corporate Social Responsibility: A Scale Development Study," Journal of Business Ethics, Springer, vol. 85(4), pages 411-427, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Franck Brulhart & Sandrine Gherra & Bertrand V. Quelin, 2019. "Do Stakeholder Orientation and Environmental Proactivity Impact Firm Profitability?," Journal of Business Ethics, Springer, vol. 158(1), pages 25-46, August.
    2. Antonio Martos-Pedrero & David Jiménez-Castillo & Francisco Joaquín Cortés-García, 2022. "Examining drivers and outcomes of corporate social responsibility in agri-food firms," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(3), pages 79-86.
    3. Mubashir Ahmad Aukhoon & Junaid Iqbal & Zahoor Ahmad Parray, 2024. "Impact of corporate social responsibility on employee green behavior: Role of green human resource management practices and employee green culture," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 3768-3778, September.
    4. Robin Stevens & Nathalie Moray & Johan Bruneel, 2015. "The Social and Economic Mission of Social Enterprises: Dimensions, Measurement, Validation, and Relation," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1051-1082, September.
    5. Mario Morales-Parragué & Luis Araya-Castillo & Fidel Molina-Luque & Hugo Moraga-Flores, 2022. "Scientometric Analysis of Research on Corporate Social Responsibility," Sustainability, MDPI, vol. 14(4), pages 1-22, February.
    6. Castaldo, Sandro & Ciacci, Andrea & Penco, Lara, 2023. "Perceived corporate social responsibility and job satisfaction in grocery retail: A comparison between low- and high-productivity stores," Journal of Retailing and Consumer Services, Elsevier, vol. 74(C).
    7. Saeidi, Sayedeh Parastoo & Sofian, Saudah & Saeidi, Parvaneh & Saeidi, Sayyedeh Parisa & Saaeidi, Seyyed Alireza, 2015. "How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction," Journal of Business Research, Elsevier, vol. 68(2), pages 341-350.
    8. Sumeyye Kusakci & Ibrahim Bushera, 2023. "Corporate social responsibility pyramid in Ethiopia: A mixed study on approaches and practices," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 5(1), pages 37-48, January.
    9. Summaiya Zahid & Eesar Khan & Shaista Tariq & Kamran Azeem, 2017. "Building Employee Relationships through Corporate Social Responsibility," KASBIT Business Journals (KBJ), Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 10(Special I), pages 120-141, May.
    10. Bo Shao & Pablo Cardona & Isabel Ng & Raymond N. C. Trau, 2017. "Are prosocially motivated employees more committed to their organization? The roles of supervisors’ prosocial motivation and perceived corporate social responsibility," Asia Pacific Journal of Management, Springer, vol. 34(4), pages 951-974, December.
    11. Yun-Seok Hwang & Byung-Jik Kim, 2021. "“The Power of a Firm’s Benevolent Act”: The Influence of Work Overload on Turnover Intention, the Mediating Role of Meaningfulness of Work and the Moderating Effect of CSR Activities," IJERPH, MDPI, vol. 18(7), pages 1-15, April.
    12. Olivia Anku-Tsede & Eric Worlanyo Deffor, 2014. "Corporate Responsibility in Ghana: An Overview of Aspects of the Regulatory Regime," Business and Management Research, Business and Management Research, Sciedu Press, vol. 3(2), pages 31-41, June.
    13. David A. Jones & Alexander Newman & Ruodan Shao & Fang Lee Cooke, 2019. "Advances in Employee-Focused Micro-Level Research on Corporate Social Responsibility: Situating New Contributions Within the Current State of the Literature," Journal of Business Ethics, Springer, vol. 157(2), pages 293-302, June.
    14. Tomasz L. Nawrocki & Danuta Szwajca, 2021. "A Multidimensional Comparative Analysis of Involvement in CSR Activities of Energy Companies in the Context of Sustainable Development Challenges: Evidence from Poland," Energies, MDPI, vol. 14(15), pages 1-19, July.
    15. Sania Khan & Wadi B. Alonazi & Azam Malik & Noor Raihani Zainol, 2023. "Does Corporate Social Responsibility Moderate the Nexus of Organizational Culture and Job Satisfaction?," Sustainability, MDPI, vol. 15(11), pages 1-17, May.
    16. Andreia Borges & Nelson Ramalho, 2024. "A multi‐level model integrating corporate social responsibility and political activity in the European Union: What are the institutional implications for foreign companies?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4265-4279, September.
    17. Yue Qi & Xiaolin Li, 2020. "On Imposing ESG Constraints of Portfolio Selection for Sustainable Investment and Comparing the Efficient Frontiers in the Weight Space," SAGE Open, , vol. 10(4), pages 21582440209, December.
    18. Nur Faliza, 2016. "CSR and Islamic Banking Performance in Aceh: The Role of Innovation as Mediation ," GATR Journals jmmr116, Global Academy of Training and Research (GATR) Enterprise.
    19. Li, WeiWei & Padmanabhan, Prasad & Huang, Chia-Hsing, 2024. "ESG and debt structure: Is the nature of this relationship nonlinear?," International Review of Financial Analysis, Elsevier, vol. 91(C).
    20. Shilong Wei & Muhammad Safdar Sial & Ubaldo Comite & Phung Anh Thu & Daniel Badulescu & József Popp, 2021. "An Examination to Explain the Mechanism of Employees’ Environment-Specific Behavior through CSR and Work Engagement from the Perspective of Stewardship Theory," IJERPH, MDPI, vol. 18(17), pages 1-20, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:7:y:2023:i:11:p:600-623. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.