Abstract

The purpose of the study is to identify the ways to increase social responsibility in the modern management of industrial enterprises on the example of corporation “Arterium”. The basic principles that have been used in the research are historical, systematic and comparative methods, institutional and structural-functional approaches. In the paper the theoretical foundations of corporate social responsibility were considered, foreign and domestic practices were analyzed, in particular, based on “Arterium” corporation. The urgency of the work is to study the current state of corporate social responsibility in Ukraine, and, in particular, at the “Arterium” enterprise. More and more companies are introducing CSR into their business, business standards are changing, and socially responsible behavior becomes an essential element of successful entrepreneurship. It was found that the corporation, implementing the principles of social responsibility of business towards society, focuses on the following areas: business ethics and ethical marketing, innovation and product development, patient health and safety, protection against fraud, investment in employee training, environmental policy and Green office, support for health, sports and education programs, community care. According to the results of the conducted research: - the situation and effectiveness of corporate social responsibility at the specified enterprise have been substantiated; - the algorithm for developing a social report for “Arterium” corporation has been proposed as a method of increasing social responsibility. To achieve the goal, the following tasks have been solved: - the essence of the concept of corporate social responsibility and the state of CSR in the world have been investigated; - the activity of “Arterium” corporation has been analyzed; - the state of corporate social responsibility in Ukraine has been assessed; - the experience of foreign companies in the field has been studied. JEL Classification: M11, M14, M31.

Highlights

  • The current state of development of society is characterized by complexity, inconsistency and ambiguity, due to a number of factors of subjective and objective nature

  • The term “corporate social responsibility” is widely used by general public due to the fact that it more accurately reflects the modern approach to socially responsible behavior of business organizations

  • Social responsibility of business and corporate social responsibility are oriented towards responsible attitude towards business, product or service, consumers, employees, partners, environment, etc

Read more

Summary

Introduction

The current state of development of society is characterized by complexity, inconsistency and ambiguity, due to a number of factors of subjective and objective nature. The current situation determines the need for scientific understanding of the complex problems in the field of social responsibility. Through the implementation of a set of actions aimed at increasing the level of social responsibility of industrial enterprises, it is possible to improve the situation in the social, economic, political and other spheres. At this stage of development, the implementation of this set of actions is not possible for a number of reasons

Objectives
Methods
Results
Conclusion

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.