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Corporate Social Responsibility in the Construction Sector

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Added on  2020-04-21

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PROBLEM STATEMENT PROBLEM STATEMENT 2 Problem Statement Name of the Student Name of the University Author Note Problem Statement 2 Research Questions 4 Research Objective 5 References 6 Problem Statement Corporate Social Responsibility holds immense importance in an overall economic framework of a country and particularly in the construction sector. Despite of promotions and awareness generation on part of the government of the country and introduction of encouraging strategies on their part, there still remains a lack of implementation of the CSR in the construction sector of Malaysia as a whole (Tai & Chuang

Corporate Social Responsibility in the Construction Sector

   Added on 2020-04-21

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Running head: PROBLEM STATEMENT Problem StatementName of the StudentName of the UniversityAuthor Note
Corporate Social Responsibility in the Construction Sector_1
1PROBLEM STATEMENT Table of ContentsProblem Statement...........................................................................................................................2Research Questions..........................................................................................................................4Research Objective..........................................................................................................................5References........................................................................................................................................6
Corporate Social Responsibility in the Construction Sector_2
2PROBLEM STATEMENT Problem Statement Corporate Social Responsibility holds immense importance in an overall economicframework of a country and particularly in the construction sector. This is because most of thelabor engaged in this sector has low levels of education, skill and income, which makes itimportant on part of the companies to look after their overall welfare. There has been aconsistent increase in the environmental awareness and a demand for better equality and societalwelfare is felt among the community as a whole. Despite of promotions and awarenessgeneration on part of the government of the country and introduction of encouraging strategieson their part, there still remains a lack of implementation of the CSR in the construction sector ofMalaysia as a whole (Tai & Chuang, 2014). As canbe seen from the empirical evidences, thebudget allocation of the country in 2011-2015 has emphasized categorically to incorporate andencourage investments and initiatives on part of the supply side players in the constructionindustry by inclining towards investment in green construction technologies, construction andalso heavily on sustainable innovations in this sector of the country (Hopkins, 2012). Empirical evidences show that there is in general a lack of awareness about the conceptof CSR in the construction sector of Malaysia. However, in many of the companies there arepresence of training program and other facilities for the employees, these are not termed underthe CSR aspects. The main problem in the Malaysian construction sector is that the topmanagement of the construction firms are mostly reluctant to modify according to theenvironmental and sustainability requirements as long as they are earning profits from theirbusiness. There are also problems of monetary expenses in implementation of Corporate Social
Corporate Social Responsibility in the Construction Sector_3

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