Dissection of Corporate Social Responsibility (CSR) in SME’s Issues, Challenges, Myth & Reality, a Qualitative Study on Karachi Based SME’s
22 Pages Posted: 6 Feb 2020
Date Written: January 12, 2020
Background: Corporate social responsibility is the concept which is now widely accepted in developed world. In Pakistan corporate sector is providing best examples of the socially responsible business but in SME sector this concept has not discussed yet. I have done detailed study for the findings CSR in SME’s & their reality.
Objective: The main objectives of the study were to dissect the actual position, direction, issues & challenges of CSR activities & practices in SME’s of Karachi. As Karachi is an industrial hub of Pakistan so CSR if present in SME’s will be a good indicator of whole country. My objective was to determine the reality of CSR practices in SME’s & what they think about being a socially responsible.
Results: We after study found very important & thoughtful results. We found that there is lack of awareness about the CSR concept & its voluntary guidelines in the SME sector. Many business owners know this concept but very limited approach they have about the topic.
Lack of trust on GOP, wide gap between SMEDA & SME’s, absence of voluntary guidelines for CSR especially for SME’s, & misconception about the disclosure of CSR activities are the major causes responsible for the absence of socially responsible SME’s in Pakistan.
Conclusion: Public & private partnership & cooperation is much necessary in SME sector for the better society in which business operates. Philosophy of earning with serving will have to be adopted by the SME sector of Karachi.
Keywords: CSR, myth, reality, SME, corporate philanthropy, CSR practices
JEL Classification: G30, G38, G39
Suggested Citation: Suggested Citation