Corporate Social Responsibility Practices, Benefits and Challenges: The Case of Ethiochicken

Abstract

Corporate Social Responsibility (CSR) has gradually become a leading issue in business. But the issue of Cooperate social responsibility is the least studied subject in developing countries. The purpose of this study was to assess the benefits and challenge of corporate social responsblity implementation in Ethiochicken. To address the objectives, case study research design was employed, and both primary and secondary data collection methods were used. Data collected from 110 respondents through questionnaires and structured interviews. Simple random Sampling was employed to select the sample. The quantitative data were analysed through descriptive statistics with SPSS Version 20. The finding shows stakeholders' perceptions on components of CSR include economic, ethical, legal, and philanthropic responsibilities agreed that items listed are important aspects to business organizations socially responsible activities. The results of the research showed that there was moderately implemented corporate social responsibility, there were success stories, On the other side there had been challenges due to lack of institution assistant, lack of adequate knowledge, lack of financing due to high cost and difficulties to obtain information about corporate social responsibility implementations such as guidelines and standard metrics and there is lack of awareness about the concept of Corporate Social Responsibility. The study recommended continuous dialogue with the stakeholders, allocate enough budget for corporate social responsibility projects, prepare policies and rules to controller corporate social responsibility implementation and offer staff capacity building to the employee would help to overcome the challenges.