Impact of Corporate Social Responsibility on the Competitiveness of Multinational Corporations

Petrović-Ranđelović, Marija; Stevanović, Tatjana; Ivanović-Đukić, Maja

doi:10.1016/s2212-5671(15)00034-9

Cited by 17 publications

(13 citation statements)

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“…This model addresses the needs of business, labour and local development, providing added value that is useful to promote and popularize the true relevance of CSR and sustainability among clients and employees. These principles have a positive impact on the hotels that commit to them [12][13][14]16,17,[19][20][21]26,43,71,72]. The model also has implications for attracting and retaining talent because potential employees in the sector can choose those companies that have exemplary labour practices.…”

Section: Discussionmentioning

confidence: 99%

“…CSR represents an opportunity for hotels to differentiate themselves from other competitors thanks to its impact on improving the image of the hotel, client loyalty, and trust [13][14][15][16]. Recently, other authors have reached similar conclusions, suggesting that CSR practices improve the competitive position of companies [17][18][19][20][21]. Shin, Hur and Kang [22] investigated whether employees' perceptions of CSR had a positive affect on their performance.…”

Section: Introductionmentioning

confidence: 99%

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A Model for Measuring Fair Labour Justice in Hotels: Design for the Spanish Case

2019

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There is a growing awareness of Corporate Social Responsibility (CSR) and sustainability as a global movement. The hospitality sector is one of the major industries driving socioeconomic development worldwide (especially in economies such as Spain) and it has responded to this need, in the context of a general worsening of labor conditions in this sector. Evidence of this response is the Fair Hotels Project, which is an international collaborative effort aimed at building new partnerships between fair trade movements and trade unions in order to have a positive effect on the labour market in the hotel sector. This article describes the design of Hoteles Justos Laboralmente Responsables (HJLR), a fair labour justice and socially responsible model for hotels oriented to contribute to sustainability and labour justice within the Spanish hotel sector. The HJLR model was created to meet corporate, labour and local development needs. It includes accurate and objective measures—and homogeneous and comparable indicators—to assess the level of fairness and quality of labour practices of hotels. This model would be of great utility in improving the sustainability and quality of life of people working in this economic sector and could be also used by companies to improve their competitive position. The Spanish Government has shown its support for this project as a part of its 2030 sustainable tourism strategy, aimed to get the United Nation Sustainable Development Goals. Furthermore, this is a relevant line for future research, once the implementation phase is completed and quantitative data is available to measure the situation in depth.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Model for Measuring Fair Labour Justice in Hotels: Design for the Spanish Case

2019

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“…Because this work involves corporate responsibility that is oriented toward the sustainable development of the manufacturing industry, the Corporate Responsibility Perspective becomes planet, people, and competitive advantage. From the literature, the benefits of competition triggers the manufacturing industry to embrace corporate responsibility (Bilge, Badurdeen, Seliger, & Jawahir, ; Petrović‐Ranđelović, Stevanović, & Ivanovic‐Ðukić, ; Radhakrishnan, Chitrao, & Nagendra, ).…”

Section: Methodsmentioning

confidence: 99%

“…The indicators of this variable were developed based on team discussions with the manufacturing industry respondents included in the survey for this paper as well as from research within the existing literature (Bilge et al, 2014;Joung et al, 2012;Petrović-Randelović et al, 2015;Radhakrishnan et al, 2014).…”

Section: 45mentioning

confidence: 99%

A conceptual framework of sustainable development strategy as “corporate responsibility” in manufacturing industry

Sulistiarini

Suparman

Santoso

et al. 2018

Environmental Quality Mgmt

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Previous studies have mentioned that there are market‐oriented corporate responsibility strategies, stakeholder‐oriented corporate responsibility strategies, and sustainable development‐oriented corporate responsibility strategies. Those strategies are in the form of corporate responsibility to the people, to the planet, and to profit (widely known as the triple bottom line). The very crucial challenge faced by the manufacturing industry today involves environmental degradation and depletion of natural resources, both of which can be overcome by implementing sustainable development‐oriented strategies. In this study, data were obtained from sampling three manufacturing industry companies in East Java, Indonesia. The respondents selected for the survey included top management and employees. From the results of the survey review and descriptive analysis, the researchers created a framework of the concept of sustainable development as corporate responsibility for the manufacturing industry. There are three steps in the methodology: strategic thinking, model arrangement, and variable definition. Arranging the model itself also involves three steps, identifying: “what is the problem,” “boundaries,” and “components.” The strategy model is in the form of a conceptual framework and strategy map, which are easily adapted as a guideline for the manufacturing industry. The model was tested using the Conceptual Framework for Strategic Sustainable Development and General Structural Component Analysis statistics. The conceptual model in this work used the five perspectives of responsibility applied within the manufacturing industry, which address the environment, social welfare, the intrinsic value of direct financial gain (in this context, this refers to competitive advantage), technology development, and performance management. Further research is needed to break down the conceptual framework and strategy map into more detailed, technical guidance.

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“…Данная работа подготовлена с целью выявления политико-экономической природы потребительских предпочтений и закономерностей их изменения под воздействием глобализации, а использование полученных результатов позволит повысить эффективность африканского бизнеса фирм развивающихся стран и служить общественным интересам развития. Предварительный обзор включал в себя актуальные публикации по теме исследования (Бабанова, 2006;Березной, 2014;Ильина, Калугина, Михайлов, 2010;Полищук, 2011;Флегонов, 2012;Цветкова, 2011;Цветкова, 2012;Beladi, Choi, 1995;Dam, 1973;Hansen, Pedersen, Petersen, 2009;Helleiner, 1975;Lim, Fong, 1982;McQueen, 1983;Petrović-Ranđelović, Stevanović, Ivanović-Đukić, 2015;Sadri, Williamson, 1989;Santos, Wennersten, Oliva, Filho, 2009;Sethi, Elango, 1999;Ulgado, Yu, Negandhi, 1994).…”

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Creative factors in preferences of african consumers as the competitiveness element of TNCs from developing countries

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2015

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Impact of Corporate Social Responsibility on the Competitiveness of Multinational Corporations

Cited by 17 publications

References 1 publication

A Model for Measuring Fair Labour Justice in Hotels: Design for the Spanish Case

A Model for Measuring Fair Labour Justice in Hotels: Design for the Spanish Case

A conceptual framework of sustainable development strategy as “corporate responsibility” in manufacturing industry

Creative factors in preferences of african consumers as the competitiveness element of TNCs from developing countries

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