CHAPTER
CHAPTER
INTRODUCATION
1
OBJECTIVES OF CSR
To give back to the community in the best possible way in return to the
resources.
To create awareness about the company & build its public profile.
To maintain long run success of the business & achieve customer loyalty.
CONCEPT OF CSR
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Their approach depends upon their resources, available assets, and
corporate culture. In addition, some companies perceive more
benefit from one type of CSR than another. The personal beliefs and
priorities of senior management/ownership can also influence the
company's approach to social responsibility.
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businesses with a low positive impact showed only 70% growth.
Schmidt also said that sustainable development could help a
business financially. For example, using less packaging and less
energy can reduce production costs.
HISTORY OF CSR
The idea that companies do CSR and play an active role in the
sustainable development fight has its roots in the work of some
American managers in the 1950s. They thought that if companies no
longer focused only on their profits but also on the impact they have
on society and the environment, they'd have other kinds of benefits.
For example, if a company pays its employees better, it may spend
more on paying for salaries but on the other hand its workers
purchasing power increases and so do the chances that they buy the
company's products. As well, if a company better manages its
environmental impacts, it will save money in the short term by
avoiding fines and in the long term by passing the necessity to
manage natural disasters.
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(Carroll, 1979) was one of the first researchers who debated and had
a big influence on the CSR concept. He claimed that the economic
category was the most important within social responsibility, and the
other three were ranked in the following decreasing order of
importance: legal, ethical and philanthropic. Carroll's paradigm
remains the most known within business, Carroll with this view,
offering CSR definition as "the social responsibility of business
encompasses the economic, legal, ethical, and discretionary
expectations that society has of organizations at a
given point in time.
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1. CSR can help to attract and retain employees. One of the major reasons
people apply to various companies is because of their CSR strategy. CSR
strategy shows a company is compassionate and treats all people, including
employees, well and a business that is committed to improving the world is
likely to attract more talent. This shows how important employees take social
responsibility. CSR efforts also help foster a more productive and positive work
environment for employees. It promotes volunteering and positive efforts
among employees.
2. CSR can improve customers' perception of the brand. The competition in the
business world of today is stiff, and it can be quite challenging for a company
to set itself apart in the eyes of customers. However, businesses that take
social responsibility seriously can win consumers, as well as develop a platform
to market and earn their audience's attention. Simply put, social responsibility
can help people see the company as a positive force in society. The projects
that company and their team take on can help raise awareness for important
causes and keep the business top of mind. CSR is also important when it comes
to branding. To have a successful brand and retain customers, businesses must
create trust with their target audience, and having a CSR strategy can help
build a good reputation and in turn, earn trust and loyalty among clients.
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4. CSR can enable the better engagement with customers.CSR can help the
business better engage with customers. Many forms of CSR involve businesses
interacting directly with members of society, who may also be customers or
potential customers. Company can get direct feedback on what they are doing
is right or wrong and what the company needs to be improve on. Word-of-
mouth is still an effective form of advertising, and customers who have been
part of the social responsibility created by a company are able to tell other
potential customers about the business (Chastity Heyward, 2020).
2. Presents press opportunities Impactful CSR can get excellent press. If the
organization is ever struggling to gain online popularity and interest, CSR
initiative could be the route to market. CSR program will help to create
fantastic boost in the brand awareness of the company and overall online
brand affinity. However, company should be cautious about their CSR efforts.
CSR that's not authentic has been called Greenwashing; if the company CSR
initiative seems too out of line with their mission and values, people can
question its purpose, even though it comes with good intent.
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3. CSR supports local and global communities. For all of the fantastic benefits
the business gets from showcasing their CSR initiatives, it can be easy to
overlook its reason for being in the first place. CSR gives people the leverage
and the platform they need to make a difference in local and global
communities. Companies are often collections of like-minded, talented people
working towards a broader vision. If company had find a CSR program is in line
with the company's values, then the business truly has the opportunity to
create a substantial positive impact. TOMS is a fantastic example of how a
product-led CSR initiative can support global communities.
Resiprocity
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CHAPTER – II
REVIEW OF LITERATURE
(Wu Jiajun & Huang Wanying, 2020)' analysed in their paper titled "Impact of
CSR on Brand Equity: The Moderating Role of Consumer Involvement in CSR".
The results indicate that the degree of a firm's CSR positively impacts brand
awareness, perceived quality, and brand loyalty through empirical analysis.
Meanwhile, as a moderator, consumer involvement in CSR positively
moderates the relationship between the degree of a firm's CSR and perceived
quality but shows no significant moderating effects on the other two
associations. By uncovering the relationship between CSR and consumer-based
brand equity through the signaling theory and by introducing the variable of
consumer involvement in CSR, this study advances CSR research. It extends the
application of signaling theory in a new research area as well.
The study conducted to examine the Impact of CSR on Brand Image: A Survey
amongst Gen Z Consumers Perception toward a Supermarket Chain in Viet
Nam". The authors have learned, about supermarket chain in Viet Nam and
their findings demonstrated that ethical and philanthropic responsibilities are
cues for companies to developing brand image toward Gen 2 consumers. This
research results about CSR, brand image and Gen Z by exploring the influence
of CSR on Gen Z's perception of brand image. That CSR practices enhance
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brand image encourages managers of the supermarket to continue investing in
CSR because customers tend to favor companies that are more socially
responsible.
Wu Jiajun, & Huang Wanying. (2020). The impact of CSR on Brand equity: The
moderating role of consumer involvement in CSR, DIVA
(Abdul Waheed & Qingyu Zhang, 2020) analyzed in their paper titled "The
effect of CSR and Ethical Practices on Sustainable Competitive Performance: A
Case of Emerging Markets. from Stakeholder Theory Perspective". The study
conducted to reveal that CSR have positive relationships with ECL (Ethical
cultural practices). These researches also shows positive influence of ethical
cultural practices between corporate social responsibilities and sustainable
competitive performance respectively and the findings revealed the positive
mediating influence of ECL between CSRPs and SACP, respectively. This study
furnishes insightful information for management on how firms may achieve
sustainable performance by incorporating ethical cultural practices and
corporate social responsibility practices as the strategic tools.
Hadjer Bouakkaz & Houari Maaradj, 2017)' examined in their paper titled
"Building Brand Image through Corporate Social Responsibility Case Study on
Mobilis Telecommunication Company". This research investigates the impact
of corporate social responsibility on building brand image in the
telecommunication sector. Firms are using CSR to build brand image and to
establish long lasting relations with its stakeholders. However, the relationship
between brand image and corporate social responsibility is not been explored
adequately and it resulted that. social responsible activities of a firm enhance
10
the brand image. This research resulted that when the company's reputation
and brand image enhances it will increase the image of corporate social
responsibility.
(Hoi Wan Liu, Xiaoming Lu, & Mizan Rahman, 2017) examined in their paper
title "Impact of corporate social responsibility on customer loyalty: A case for
two global corporations in China". The authors explored that corporate social
responsibility initiatives have different impact on developing customer loyalty
in the context of two leading international sportswear companies operating in
China. Academic interest in CSR in China has grown over the years.
The findings suggest a relatively strong impact of CSR dimensions and other
related attributes on developing customer loyalty in China. There are topical
differences in China in relation to customers' CSR perceptions and have a
probability of being influenced by a company's CSR initiatives.
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CHAPTER – III
RESEARCH DESIGN
RESEARCH
RESEARCH DESIGN
12
STATEMENT OF PROBLEM
13
Enokopp Pvt Ltd and its effects on the brand recognition of the company
and it also study the effect of CSR on the sales of the company.
RESEARCH METHODOLOGY
Survey questionnaire was used to collect data from the customers of the
organisation because questionnaire can cover large population with lower
cost and shorter time. Self-adjusted questionnaire was adopted from past
studies and questions are formed keeping in mind the objectives to be
achieved.
SAMPLE SIZE
Sample is group of people, object or items that are taken from a large
population for measurement. The sample should be representative of the
population to ensure that we can generalize the finding from the research
sample to the population. The size of the sample is always less than the
total size of the population.
For the purpose of collecting data to support the research, the sample size
chosen was 100 respondents.
POPULATION
The total element of the universe from which the sample is selected for the
purpose of research is known as Population.
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The population selected for the research is the customers of the
Enokopp Pvt Ltd.
SAMPLE DESIGN
A sample design is the framework, which serves as the basis for the selection
of a survey sample and affects many other important aspects of a survey as
well. The sample design provides the basic plan by which a sample is selected
for the purpose of research.
Simple Random sampling was used to collect data. Simple Random Sampling is
a data collection technique where each individual is chosen entirely by chance
and each individual of the population has an equal opportunity of getting
selected, or probability of being selected.
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CHAPTER - IV
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progressively developed product ranges for wiring devices, home automation,
lighting management systems, cable management and structured cabling to
add to the core offerings of circuit breakers and distribution boards. An
employee base of over 100 in 3 offices spread across the country, 3
manufacturing facilities, and an extensive network of over 20-25 distributions
partners and more than 100 retailers consolidated Enokopp network, enabling
quickly penetrate new market and product segments, and generate
economies of scale.
They follow the principle of 'Frugal Engineering, and it shifts our focus from
"how to improve this product" to "how to make this product more accessible"
so that all our customers can say, "This makes sense. We continuously strive to
deliver high-quality products suited to the Indian market.
From last 6 years, firm has developed the name in their market. In 2017,
Enokopp product was launched in the market with 6-7 varieties of the
products. Firm did not perform as it was accepted to perform in the market.
So, firm has circulated the feedback form so that they can meet the needs and
expectation of the customers. They found that the customers are not satisfied
with the quality of the products which launched by them. So their sales were
low in the year 2017. In 2018, firm worked on their product quality and pricing
strategy. During the year under review, Enokopp was accepted by the public, it
was over the expectation. In the same year they developed the product and
bought the new varieties of the product in the market. Still they were receiving
the complaints related to pricing. They were working on the pricing strategy,
they were facing problem to reduce their cost. So they started to make
products, which were essential for the production of the product rather than
purchasing it from other manufactures. In 2019, Firm started to grow and also
had a good amount of sales in that year. They also got award to capture the
market in limited time. They also entered e-commerce sector by starting their
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operations through e-commerce platform. They started selling their product
through their website and other. business website. They also started their
marketing through social media marketing, In 2020, firm had to face lot of
crisis due to covid-19, because of that their sales went down in that year. Then
to they took care of their workers who were working in their firm. They were
taking care of all their essentials and also realized the importance of helping
people. In covid-19 they started helping people who were in need and slowly
they started their CSR activities. In 2021, they have a capture good amount of
audience through their marketing in sales and also through their CSR activities.
Due to which they had a good amount of sales in that year.
GENERAL INFORMATION
Founded 2017
Vision
We will take steps to understand how we can most effectively support the
needs of the local community and implement initiatives accordingly.
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We take seriously all feedback that we receive from our stakeholders and,
where possible, maintain open dialogue to ensure that we fulfill the
requirements outlined within this policy.
Mission
We shall provide, and strive to maintain, a clean, healthy and safe working
environment of work.
PRODUCTS CATEGORIES
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RCCB's
RCCB stands for Residual Current Circuit Breaker. RCCB is an electrical wiring
device that disconnects the circuit as soon as it detects a current leak to the
earth wire. It also protects against electric electrocution or shock caused by
direct contact. Range: RCCB's are available in 2 Pole (DP) and 4 pole (FP)
options.
a. SPN
The term SPN stands for single phase and neutral'. This means that the circuit
has only one single phase input, with several single-phase outputs. The main
single phase supply cable comes into the board and the current is then
distributed to the different circuits like lights and plugs. Before the current
passes to the circuits, it first goes through circuit breakers. These circuit
breakers keep you safe by preventing the flow of current to the circuit in case
of current overload or voltage fluctuation. Range: SPN distribution boards are
available in 4-Way, 8-Way, 10-Way, 12-Way options.
b. TPN
TPN means a 4 Pole device with 4th Pole as Neutral. In TPN opening & closing
will open & close the Neutral. For TPN, protection applies to the current flows
through only 3 poles (Three Phase) only; there is no
protection for the currentlow through the neutral pole. Neutral is just an
isolating pole. Range: TPN distribution boards are available in 4-Way, 6-Way,
and 8-Way options.
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c. There are more varieties in Distribution Box (DB), rest of the them are
PLATIMUM DB, P-GOLD DB, OSSUM DB, ROYAL DB, PEARL DB, DELUXE DB,
WHITELINE DB ete. Each product is different from each other based on the
prices and the quality. Each product available ranges are 4 Way, 6 Way, 8 Way,
10 Way, 12 Way and 16 Way.
Range: MCB Box is available in 2 Pole (DP) and 4 pole (FP) options.
A.C BOX
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This unit functions as the central location for circuit breakers within the AC
system. The safe supply from multiple sources such as shore power, generator
and inverter to each of the electrical consumers is controlled and the unit
functions as the central location for circuit breakers within the AC system.
Ranges available from 20/2 EMPTY, 20/3 EMPTY, 30/3 EMPTY, 20/2 FULL SET,
20/3 FULL SET, 30/3 FULL SET.
CABLES
Power cables are used for bulk transmission of alternating and direct current
power, especially using high-voltage cable. Electrical cables are extensively
used in building wiring for lighting, power and control circuits permanently
installed in buildings.
SOLATOR
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CHAPTER - V
ANALYSIS AND
DATA INTERPRETATION
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To ascertain the impact of CSR activities on brand recognition.
Question 1
Gender
a. Male
b. Female
Options
Male
Female
No. of respondents
75
25
Percentages
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75%
25%
100
100%
Total
ANALYSIS
According to the survey, we can see that out of 100 respondents, 75% of the
respondents are male customers and 25% of the respondents are female
customers. Whereas no customer i.e. 0. respondents chose the option called
Prefer not to say.
INTERPRETATION
This question was asked to know the majority of the customer and according
to this analysis it is seen that as per the response 75% of the customer are
male and only 25% of the customer is female. It may be due to large no. of
male customers in the market as compare to the female customers.
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CHAPTER - VI
SUMMARY OF FINDINGS, CONCLUSION
AND SUGGESTIONS
SUMMARY OF FINDINGS
The study was carried out to find out if there is impact of corporate social
responsibility on brand recognition of the company and effect of CSR on the
customer preference. The summaries of findings of all the section of the
questions are as follows:
First section of the study was conducted to determine if there is any impact of
CSR activities on the brand recognition. The study indicates that CSR do have
an impact on the brand recognition and survey also shows that there is a
positive impact on the brand. recognition and it is also beneficiary to firm to
some extent.
Third section of the study was to determine the customer preference towards
Enokopp.
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This study helped to determine the different preferences of the customers,
their needs and their expectation with respect to the product of Enokopp and
survey also clearly showed the preference of customers, their wants and their
expectations with respect to the product of Enokopp.
Forth section of the study was to determine the effect of CSR on the sales of
the company. The study indicates that there is positive impact of CSR on the
sales of the company. Survey indicates there was averagely increment in the
sales irrespective of the year 2020, because there was a fall in sales
due to covid-19.
CONCLUSIONS
In conclusion, businesses can no longer operate with the sole aim of making
profits at the expense of the environment, society, economy, consumers and
employees. Companies need to consider how they can give back to society,
and this can help them to attract customers and keep their best employees.
Customer satisfaction and employee retention are the keys to any successful
business, after all. Corporate social responsibility (CSR) has been the subject of
increasing public scrutiny, and consumers have become more concerned about
whether enterprises are contributing to the betterment of society.
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From this study conducted we can conclude that CSR did increase the sales of
the company, we can see positive increment in the sales of the company
irrespective of the year 2020, because there was a downfall in the sale due the
lockdown in the country. CSR does also affect the profit of the company
because it is a small scale enterprise. According to law there are no mandatory
regulations to contribute in CSR. The findings of the research resulted that CSR
policies differ with turnover and profit.
From this study conducted we can conclude that there is indirect effect of CSR
on the customer trust. More than 50% of the respondents get emotionally
affected by the companies who are practicing CSR activities. CSR affect their
purchasing behavior and also help to build the trust among the customers.
From this study we can conclude that different customers have different
preference, needs, expectation with respect to the product of Enokopp. This
study examined customer preference with respect of price, quantity and
services. Most of the respondents are not satisfied by the services
rendered by the firm.
SUGGESTION
Firm should look after the customer expectations and their needs. They should
promote their product and make aware of CSR activities of the firm to their
customers. Firm have to do more marketing because some people are not
aware of the brand yet, they can use the social media platform like Instagram,
Facebook etc and so that they can market about their product as well as also
spread awareness about the CSR activities of the firm among their customers.
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Firm should also focus on the improving their services, most of the customer
are dissatisfied by the services rendered by the firm. Firm should focus on the
service factors because it is one of the factors which retain the customers.
Doing CSR activities not only it helps to build the brand but it also affect the
turnover and the profit of the firm, which may further affect the production of
the small scale enterprise. There are no mandatory regulations to contribute in
CSR because for some small and medium enterprises it will not improve the
situation of companies, but simply may add to burden faced by them. Small or
medium enterprises should follow 'collective corporate social responsibilities,
(CCSR) through which a group of SMEs with similar sustainability needs support
and take up socially responsible activities, as a unit. SMEs can take help from
other organizations by making cluster or a group, which are ready to support
responsible business objectives and also help to achieve the social
responsibility.
ANNEXURES
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