17 research outputs found

    ) in an Emerging Economy

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    Abstract: This study explores the level of awareness of corporate social responsibility (CSR) among MBA students at a major Saudi university; MBA students were chosen for this research because these students represent future business leaders. All of the attending MBA students were surveyed, and 204 valid responses were used for the analysis. Four CSR dimensions were investigated: economic, legal, ethical, and philanthropic dimensions. Significant differences were found in the respondents' awareness of the CSR dimensions. Significant awareness differences were also found among the respondents based on gender, work experience, and managerial position. Implications, recommendations, limitations, and directions for future research are discussed

    Lack of Creativiry: Executives Speakout

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    In 1987, the Harvard Business Review conducted a survey of its readers regarding the U.S. performance in the world markets. The study indicated that the U.S. had a deep-seated problem of inadequate international competitiveness (Scott, 1987). More recently, Ernst & Young/American Quality Foundation undertook an International Quality Study which examined quality practices in Canada, Germany, Japan and the U.S. (See Bowles, 1992). The study revealed that 22 per cent of U.S. business always or almost always translate customer expectations into the design of new products and service. In Germany and Japan, the figure was 40 per cent and 58 per cent respectively. The results induced, Joshua Hammond, president of the American Quality Foundation, to state that "It is clear . . . that quality performance has a long way to go before it reaches parity with financial performance as a matter of primary importance to America's senior executives". What makes the situation more complex and urgent is the fact that international competition has changed the structure of global markets and the rules of the business game. Furthermore, U.S. businesses no longer command the lead in the global marketplace and new international competitors are not only aggressive and competent, but appear to give priority to customer needs and expectations^.For example, many Japanese companies view customer satisfaction as a way of building loyalty, thereby generating repeat sales. In contrast, U.S. executives have often aimed not at producing customer satisfaction, but at preventing customer dissatisfaction (Bowles, 1992). Similarly, the Fortune Global 500 List (Fortune 1995) showed that three countries accounted for the majority of the top 500 firms in the world; U.S. (151 firms), Japan (149 firms), and Germany (44 firms). Nevertheless, the list indicated that more Japanese companies have made it to the top ten (from three in 1993 to six in 1994), while the number of the U.S. firms stayed the same (three) in both years

    Developing an Islamic Corporate Social Responsibility Scale (ICSR)

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    Many Western theoreticians have attempted to offer theoretical, moral and ethical groundings for Corporate Social Responsibility (CSR) initiatives. However, these attempts have been broadly criticized for problems relating to justification, conceptual clarity and possible inconsistency, and for failing to give adequate ethical guidance to business executives who must decide which course to pursue and with how much commitment. Therefore, it is obvious that there is a need to develop the concept of CSR, which has gained popularity and wide acceptance amongst the Western and Islamic business communities, especially from an Islamic perspective. We developed a model of Islamic Corporate Social Responsibility (ICSR) based on Carroll’s (1979) theory of CSR. This study extends Carroll’s (1979) theory using the operational definition of CSR that encompasses the economic, legal, ethical, and philanthropic dimensions of corporate social responsibility from an Islamic perspective. Developing an Islamic Corporate Social Responsibility Scale (ICSR)
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