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5060 - Assignment 1 Nguyen Dinh Sang
5060 - Assignment 1 Nguyen Dinh Sang
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I)Introduction
.The concept of Corporate Social Responsibility (CSR) has gained traction among
businesses globally. According to the World Business Council for Sustainable
Development (2000), CSR is defined as "businesses' ongoing commitment to
behave ethically, contribute to economic development, and improve the quality
of life for employees and their families, as well as the local community and society
at large." (CSR) as a way to create and implement sustainable methods and
strategies in their company's operations. It is a broad notion that includes a
variety of ideas, such as environmental concerns, ethical obligations, and charity.
Most recently, the strategic advantages of CSR have given many businesses a
competitive edge as a means of maximizing stakeholder value and expectations.
In order to gain a competitive advantage and cultivate stakeholder trust and
loyalty, businesses today hire CSR managers, specialists, and consultants in
tandem with the growth of globalization.
.To support businesses in making informed decisions that will increase their
competitiveness, stakeholder trust, and loyalty, you, as a Graduate Trainee -
Market Researcher in a multinational market research and consulting firm, are
asked to develop a research proposal, complete a research ethical approval form,
and obtain participant consent for studies related to "Corporate Social
Responsibility."I can select an airline-related study topic. The goal of this research
is to identify four CSR factors that influence Vietnam Airlines' customer trust. The
findings of this study will establish how CSR initiatives impact consumer trust.
.Over the last two decades, there has been a significant increase in the number of
CSR rating organizations that evaluate firms based on their social and
environmental performance. This article explores the influence of CSR ratings on
individual corporate conduct. To what degree do firms alter their conduct in
response to their ranking? Our main result is that being removed from a CSR
ranking appears to do nothing to motivate companies to recognize and fix issues
connected to their social and environmental performance. Specific rankings tend
to have little influence on corporations' willingness to admit unfavorable CSR
incidents and publicly articulate plans and measures to resolve them. Regardless
of whether a corporation is highly or poorly scored, it appears that it focuses on
and publicly discusses its "positive" CSR initiatives. We address the broader
implications of these findings, as well as the general importance of CSR rankings
for a global economy (Scalet & Kelly ,2010).
. We reviewed the literature on CSR to learn how it may affect consumer views
and corporate performance. Furthermore, these theoretical investigations have
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resulted in the development of a model for how CSR might influence consumer
views and, as a result, corporate performance. This concept is influenced by the
Service-Profit Chain developed by Heskett, Jones, Loveman, Sasser, and
Schlesinger (1994), as well as Carroll's (1991) Pyramid of CSR and Levitt's (1980)
Total Product Concept. The model is known as the Value Linking Chain, and it
demonstrates how many parts are combined to create an offer. Furthermore,
how customers rate this offer both before and after purchase, and how such
views effect company success. We interviewed representatives from
corporations, customers, and non-governmental groups in order to
experimentally evaluate this approach.
II)Literature review
1. The connection between economic performance and corporate social
responsibility.
Relationships between arguments supporting and opposing the notion that
corporate social responsibility (CSR) benefits businesses economically (George,
Phillips, and Lyall, 2015) will be separated into two categories: prior economic
performance and current and future economic performance (George, Phillips, and
Lyall, 2015).
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shorter-term investments could do so in order to satisfy their need for rapid
satisfaction rather than long-term, typically unpredictable CSR investments
(Lawrence, James, 1992). First, the corporation needs to reach an economically
feasible level of efficiency before committing its resources to social needs. The
assertion that companies with strong financial performance typically have higher
degrees of social transparency supports this (ULLMANN, 1985).
Hypothesis: Results from prior research (Anderson and Frankle, 1980; Shane and
Spicer, 1983) support the idea that corporate social actions have an influence on
the financial market.The association between social disclosure and economic
success suggests that companies are more likely to disclose social responsibility
when their financial statements show favorable economic performance (Mills and
Gardner, 1984). A hypothesis was developed on the impact of Vietnam Airlines'
financial economy on customer trust, based on the aforementioned study papers.
It's an airline with a solid financial history that will develop and adapt to meet the
requirements of its patrons in order to earn their trust.
The interaction between CSR and the environment: As a result, the organization
and the outside world have an interactive "input-output conversion" relationship.
Culture, science and technology, education, politics, the legal system, natural
resources, demographics, the social environment in the typical social setting, and
customer, supplier, competitive, socio-political, and technological factors in a
special mission environment are examples of environmental external factors. This
element influences the environment on a variety of levels and provides
inspiration for system modifications and adjustments. Thus, in this cycle, the
external environmental component (pressure) might be a significant factor.
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ecological and economic efficiency of economic activity; the enforcement of
legally-mandated environmental protection laws; and the efficient and successful
absorption of EU aid intended for ecological purposes. These days, it's well
acknowledged that using and safeguarding the environment are crucial
components of corporate operations that cost businesses money. Enterprises'
expenses related to environmental protection can be separated into internal and
external expenditures [38] (p. 55). The enterprise's entire internal costs of
environmental protection are the most significant from an economic perspective.
The total cost of an enterprise's investment outlays and ongoing expenses for
mitigating its environmental impact—whether through safe storage, pollution
prevention, neutralization, reduction, or elimination of environmental damage—
is the cost of environmental protection.
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precisely, research indicates that financial barriers are the main hindrances to the
implementation of CSR initiatives. Finally, the results show how CSR and company
success are impacted both directly and indirectly by ethical leadership. This
involves personal ideals.
Relation to prior ethical performance: The impact of the SOCO scale (Saxe and
Weitz, 1982) on the yearly premiums that the agents produce as well as its
measurement of moral and customer-focused conduct are also examined.
Salespeople who prioritize the needs of their customers have been found to act
more morally than their counterparts who prioritize sales. Furthermore, it has
been noted that sales-oriented agents also see greater levels of unethical activity
from their partners. Remarkably, agents with unethical behavior typically enjoy
greater amounts of sales premiums:
The relationship between corporate social responsibility (CSR) and legal duties:
is one of complementarity, as following the law can shield a person from
penalties and other disciplinary measures from monitoring and regulatory
bodies.CSR is important not just for businesses but also for governments in
developing and welfare nations. Corporate social responsibility can help
governments accomplish legally and politically mandated welfare state objectives.
This participation might encompass helping immigrants integrate, providing
education and training, facilitating access to healthcare, and improving the post-
retirement financial security of staff members. In conclusion, CSR serves as a
vehicle for coordinating business activities with more general societal and political
goals. Customers may thus have greater faith in the company that follows the
law. When perceived corporate social responsibility has a legal component,
consumer trust is likely to increase La and Choi (2013).
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compensate him for any harm we have caused. In all of these cases, it is believed
that our actions or those of the "beneficiary" of the responsibility are what first
gave rise to the liability (SAMUEL and SCHEFFLER,2006).
However, not all of our arguments are made in this fashion. Sometimes, rather
than discussing any particular encounters we may have had with the beneficiary,
we utilize our nature to express unique duties. Whether someone is our neighbor,
sibling, or friend, we sometimes feel obligated to give them more. This method
makes use of a wide range of connections. A person may be a client instead of a
neighbor, a teammate instead of a friend, or a coworker instead of a family
member. Our friendship may occasionally be predicated just on the fact that we
both belong to the same group (SCHEFFLER and SAMUEL, 2006).
Research Model
Based on this discussion, we developed the following hypotheses:
H1: A company's economic responsibility activities have an impact on customer
trust.
H2: A company's environmental responsibility activities have an impact on
customer trust.
H3: A company's ethical responsibility activities have an impact on customer trust.
H4: A company's legal responsibility activities have an impact on customer trust.
Positivism was selected for this investigation. Positivism was the preferred
philosophy because it advocated the use of scientific means to investigate human
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behavior. Positive thinking, like rules, is generalized and follows the scientific
process.
2.Research approach
For the past 40 years, the study of deductive reasoning has been a key paradigm
in psychology. According to research, people make many logical mistakes on such
tasks and are heavily impacted by problem content and environment. It is
believed that this paradigm arose in an era of logicist thought that is now
obsolete. Few reasoning scholars feel logic is an acceptable normative framework
for most human reasoning, let alone a model for capturing the process of human
reasoning, and many utilize the paradigm to investigate pragmatic and
probabilistic processes. It is advised that the methodologies employed to
investigate reasoning be reconsidered, particularly the instructional context,
which inevitably classifies pragmatic factors as biases (Evan ,2002).
3.Research strategy
Choosing an appropriate research strategy is critical to ensure that research
questions are answered in a valuable and coherent manner with the overall topic,
questions, and goal of the research. This paper will suggest that there are times
when using a case study technique in palliative care research is suitable. When
complex situations must be addressed; context is central to the study; multiple
perspectives must be recognized; the design must be flexible; the research must
be congruent with clinical practice; there is no strong theory to which to appeal;
and other methodologies may be difficult to conduct. The rigorous and
appropriate use of case study methodologies can add to knowledge in a way that
is sensitive to the complex, context-dependent, and multiprofessional character
of palliative care (Catherine ,Ann and Chris ,2004).
4.Research design
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This research will use questions as below:
Demographic questions:
No Demographic Response
. Questions
1 Gender: Male / Female
2 level of Intermediate level/College/University/After
education: University
3 marital status Single/ Married / Divorced
4 monthly Under 5 million VND / From 5-10 million
income VND /Over 20 million VND
Main questions:
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VNA is trying to reduce its wastes and uses 1 = strongly disagree to 5 =
more eco-friendly materials? strongly agree
1 = strongly disagree to 5 = strongly
VNA has a detailed code of conduct? agree
VNA's employees adhere to professional 1 = strongly disagree to 5 =
standards? strongly agree
Legal VNA aims to comply all regulations relating to 1 = strongly disagree to 5 = strongly
Responsibility employment and benefits for employees.? agree
5.Participants
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Participant description
Those who completed the survey will be included in this study. Individual
selection criteria differ to ensure a range of opinions. Participants will be chosen
at random, and their identities and confidentiality will be protected throughout
the study.
Sampling method
Participants in this study will comprise those who completed the survey.
Individual selection criteria differ to ensure a range of opinions. Participants will
be chosen at random, and their identity and confidentiality will be protected
throughout the study.
5.Time scale
This research project will start on October 11, 2023 or October 11, 2023 and will last over a
month until December 20, 2023. Time can be adjusted to suit research deadlines and research
subjects.
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IV.conclusion
To put it briefly, understanding how practice influences theory and cognition is crucial for
enhancing how people see and understand the world in general and their professional
endeavors in particular. For this reason, in order to avoid the illnesses of subjectivity,
voluntarism, dogmatism, mechanism, and bureaucracy, each individual must be fully aware of
the practical point of view and apply it in a way that is consistent with science. To avoid veering
into pragmatism or empiricism, do not absolutize the importance of practice.
V.References
(No date a) The qualitative‐quantitative debate: Moving ... - wiley online library. Available at:
https://onlinelibrary.wiley.com/doi/abs/10.1046/j.1365-2648.1998.00651.x (Accessed: 10
December 2023).
(No date b) The qualitative‐quantitative debate: Moving ... - wiley online library. Available at:
https://onlinelibrary.wiley.com/doi/abs/10.1046/j.1365-2648.1998.00651.x (Accessed: 10
December 2023).
(No date c) Interpretive quantitative methods for the Social Sciences. Available at:
https://journals.sagepub.com/doi/abs/10.1177/0038038515583637 (Accessed: 10
December 2023).
(No date d) Case studies: A research strategy appropriate for ... - sage journals. Available at:
https://journals.sagepub.com/doi/abs/10.1191/0269216304pm962ra (Accessed: 10
December 2023).
(No date e) Ullmann, A.E. (1985) data in search of a theory a critical examination of the
relationship’s among social performance, social disclosure and economic performance of
US firms. Academy of Management Review, 10, 540-557. - references - scientific research
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publishing. Available at: https://www.scirp.org/reference/referencespapers?
referenceid=1905307 (Accessed: 10 December 2023).
(No date f) McGuire, J. B., sundgren, A., & schneeweis, T. (1988). Corporate Social Responsibility
and firm financial performance. Academy of Management Journal, 31, 854-872. -
references - scientific research publishing. Available at:
https://www.scirp.org/reference/referencespapers?referenceid=1508014 (Accessed: 10
December 2023).
Hub (no date) Sci. Available at: https://sci-hub.hkvisa.net/ (Accessed: 10 December 2023).
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