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Effect of Csr Activities on Sales

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Effect of Csr Activities on Sales
IMPORTANCE OF COMPANY’S CSR ACTIVITIES IN INDIA: IT’S EFFECT ON CONSUMER BUYING BEHAVIOUR
For
Business Research Methods

Submitted to, Submitted By,
Dr. Gunjan Malhotra Shrirang Jadhav (09FT-064)
Mohd Afroze Ali (09FT-085)
Mohd Asif (09FT-086)
Nitesh Bhagchandani (09FT-185)

Table Of Contents

Abstract: 3 Keywords : 3 Introduction: 3 Literature Review: 6 Research Gaps: 8 Objective: 8 Research questions: 8 Research Hypothesis: 8 Methodology: 8 Discussion and observation: 9 Conclusion: 22 Bibliography: 23 Questionnaire: 25

Abstract:
Problem - In today’s society, there is a growing interest in, and demand for Corporate Social Responsibility (CSR). Reasons for this can be multinational corporations’ increasing influence on world economy as well as scandals revealing horrible working conditions in different industries. In spite of the fact that the demand for CSR is growing, there has always been critics. The most influential critic is Noble Prize winner Milton Friedman, who claims CSR to be a waste of stockholders’ money. However, several articles claim, opposite Friedman, that CSR rather increases a company’s financial performance in the long run. These claims have made us curious about in what way CSR is related to a company’s performance. Moreover, it has led to us wanting to find out how CSR can influence customer perceptions on a product or service offering.
Conclusions –All the initiatives gave a positive influence on the respondents’ perceptions, but the ones resulting in the most positive changes of the perceptions and willingness to buy were social responsible business practises, cause-related marketing and corporate philanthropy, which are initiatives where the company are doing the largest effort instead of just encouraging others to make an effort. The respondents answered that they trust the companies’ information about CSR to some extent, but also think a third party should scrutinise the companies’ activities and inform.



Bibliography: 1. Johan Classon, Johan Dahlström (2006.) How can CSR affect company performance, Karlstads University 2 3. ShelleyWigley(2008). Gauging consumers’ responses to CSR activities: Does increased awareness make cents? , University of Texas at Arlington 4 5. Mohammad M. Rahman(2007). Linking CSR and Financial Performance through Branding, School of Business - North South University 6 7. BORBÉLY Emese(2008). Corporate Social Responsibility: Business Future or Future Business? , Vienna University of Business Administration 8 9. Richard Peters, Michael R. Mullen(2006). Evidence of the Effects of CSR on Financial Performance , Global Business Research 10 11. Haugland, Kristin S. & Nystad, Oystein (2006). Is the motivation for CSR profit or ethics? Bodo Graduate School of Business 12 13. Glachant, Matthieu (2008). Corporate Social Responsibility and Profits: Friends or Foes? Mines ParisTech, Cerna. 15. Marquina, Percy (2007). Measuring the Impact of Corporate Social Responsibility on Consumer Behavior: The Case of Peruvian Consumers. Centrum/ Maastricht School of Management, Perú. 16. Wigley, Shelley (2008). Gauging consumers’ responses to CSR activities: Does increased awareness make cents? University of Texas. 17. Barakat, A. & Tarestad, M. (2006). Help yourself by helping others: a study of CSR engagement in Swedish companies. Jönköping: Jönköping University 18 19. Cramer, J. (2002). From financial to sustainable profit. Corporate Social Responsibility and Environmental Management, 9(2), 99-106 20 21. Easterby-Smith, M., Thorpe, R., & Lowe, A. (2002). Management Research: An introduction. (2nd ed.). London: Sage Publications 22 23. Gorard, S. (2003). Quantitative Methods in Social Science: The role of numbers made easy. London:Continuum 24 25. Howard, J. A. (1989). Consumer Behaviour in Marketing Strategy. New Jersey: Prentice-Hall, 26 27. Kotler, P., & Lee, N. (2004, Spring). Best of Breed. Stanford Social Innovation Review, 14-23 28 29. Kotler, P., Wong, V., Saunders, J., & Armstrong, G. (2005). Principles of Marketing. (4th European ed.). Harlow: Pearson Education 30 31. Peter, J.P., & Olson, J.C. (2008). Consumer Behaviour and Marketing Strategy (8th ed.). New York: McGraw-Hill Education 32 33. Richards, L. (2005). Handling qualitative data: a practical guide. London: Sage Publications 34 35. Sen, S. & Bhattacharya, C.B. (2001). Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility. Journal of Marketing Research, 38(2),225-243 36 37. Smaling, A. (2003). Inductive, analogical, and communicative generalization. International Journal of Qualitative Methods, 2(1), Article 5 38 41. Aaker, D. A., Kumar, V., & Day, G. S. (2003). Marketing Research. Hoboken, New Jersey:John Wiley & Sons.

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