Corporate Social Responsibility in the Hotel Industry
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This article discusses the relationship between CSR and customer satisfaction in the hotel industry. It also explores the impact of CSR communication on small hotels and the link between CSR activities and equity-holder risk in the hospitality industry.
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Running head: CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility Name of the Student Name of the University Author note
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1 CORPORATE SOCIAL RESPONSIBILITY Mohammed, A. and Rashid, B., 2018. A conceptual model of corporate social responsibility dimensions, brand image, and customer satisfaction in Malaysian hotel industry. Kasetsart Journal of Social Sciences, 39(2), pp.358-364. Literature Review/Synopsis The corporate social responsibility is one of the core concepts of the hotel industry wherein this is considered as significant factor in competition along with survival of the different firms in the organizations. The main essence of CSR is inclusive of customer satisfactionwhichhelpsthecompaniesinbecomingmoreeffectiveintheir approaches(Mohammed and Rashid 2018). The article discusses about the relationship between the CSR which is inclusive of economic, legal, ethical and philanthropic aspects along with the customer satisfaction (Fraj, Matuteand Melero 2015). Moreover,CSR helpsin indirectlyaffectingthe customer satisfaction. For example-Calveras (2015),has commented that CSR is a construct which have many dimensions which is complying of different kinds of rules and regulations which will address the different responsibilities. Key Themes The different key themes which have been discussed in the respective article are as follows: Brand image of the hotel industry Customer Satisfaction Linkage between CSR activities in hotel industry Research Methodology
2 CORPORATE SOCIAL RESPONSIBILITY Theresearchmethodologywhichhavebeenusedintherespectivearticleis qualitative in nature. The different information relating to the hotel industry along with linkage with the different corporate social responsibility practices are based on the different kinds of journals that helped in analyzing the conceptual framework between the CSR activities and customer satisfaction level as well.Furthermore, as per the equity theory which are being applied in different hotels, the different customers are termed as the stakeholders who are more concerned with the economic value of consumption and overall stance of the entire company as well. Results From the methodology and the entire article, this can be analyzed that corporate social responsibility is becoming one of the major topics which helps in creating long term relationships with the different clients. Nevertheless, from the analysis this has been analyzed that the entire research is scarce particularly in the entire hotel industry or sector.Moreover, the equity theory helped in managing the different economic requirements of the different customers which will help in indirectly affecting performance of the hotels. Ettinger, A., Grabner-Kraeuter, S. and Terlutter, R., 2018. Online CSR communication in the hotel industry: Evidence from small hotels. International Journal of Hospitality Management, 68, pp.94-104. Literature Review/Synopsis The paper helps in examining the impact of the CSR certified hotels which helps in communicating CSR on the different websites along with the comments of the guests on such hotels as well. The different kinds of CSR engagement strategies of the information of stakeholder, response along with involvement of Morsingand Schultz which are being used as
3 CORPORATE SOCIAL RESPONSIBILITY the conceptual framework (Ettinger, Grabner-Kraeuterand Terlutter 2018). Furthermore, the study helped in exploring the extent to which the different hotels communicate the different CSR related activities to the different stakeholders via the webpage of the hotel (Serra- Cantallops et al. 2018). Moreover, from the article this can be analyzed that there are different kinds of analysis have been taken into consideration which helped in managing the different models of CSR and website analysis effectively (Ettinger, Grabner-Kraeuter and Terlutter 2018). With the help of the different studies, this helped in addressing the different customer reviews on thedifferenthotelsalongwithstrategiesrelatedtocommunicationalongwithCSR engagement strategies as well. Key Themes There are few key themes which are being used in the respective article which are as follows: CSR related communication Stakeholder Engagement Website Analysis Sustainable kind of tourism Research Methodology The quantitative research methodology has been used in the respective article which helps in discussing the different kinds of information on the linkages between the CSR and website analysis. Furthermore, the study between online reviews analysis is required to be analyzed and identified which will provide a proper view on the respective aspect. Lastly, the analysis of responses of hotel to online reviews will be analyzed which provided a huge feedback on the CSR activities.
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4 CORPORATE SOCIAL RESPONSIBILITY Results The results which have been generated from the quantitative analysis are as follows: The result of the first aspect is relating to the different kinds of CSR goals which are required to be adopted by the hotel industry in order to gain knowledge on the CSR communication practices effectively. The result of the second aspect is relating to review corpus description wherein more than 1383 reviews were taken into consideration which contained more than one references to the CSR related activities. Lastly, the result of the last aspect is inclusive of different surveys which were being conducted helped in analyzing and understanding that the different reviews of CSR are essential in analyzing the viewpoints of the individuals on the different CSR activities of the hotels. Kim, Y., Kim, M. and Mattila, A.S., 2017. Corporate social responsibility and equity-holder risk in the hospitality industry. Cornell Hospitality Quarterly, 58(1), pp.81-93. Literature Review/Synopsis The entire study helped in examining whether the CSR activities helps in enhancing the value for the different shareholders who helps in funding for the different CSR initiatives ofthefirms(Benavides-Velasco,Quintana-GarcíaandMarchante-Lara2014).The investigation of the different relationships between the CSR activities of the hotel industry along with risks associated with the equity is being identified which provided huge analysis on the different kinds of systematic risks and unsystematic kind of risks (Kim,Kimand Mattila 2017). The study also analyzed that the different CSR related activities helped in reducing the different systematic kinds of risks in the hotel industry and this helped the
5 CORPORATE SOCIAL RESPONSIBILITY companies or the hotel industry in solving the different approaches in a positive manner (Singh 2019). Key Themes There are various key themes which are being used in the respective article are as follows: Corporate Social Responsibility and Equity Risk Linkage between CSR activities and Systematic Risks Research Methodology Proper development of the cross-sectional time series models has been developed which helped in gaining knowledge on the aspects of the CSR related activities in reducing the different risks in the entire hospitality industry. Furthermore, the surveys and questionnaires were distributed among the different hotels which helped in gaining knowledge on the viewpoints of the employees working in the hotels about the CSR activities which helps in managing the overall effectiveness of the firm. MSCI ESG ratings help in providing necessary data which is required for calculation of the CSR analysis in an efficient manner. With inclusion of the quantitative research methodology, this has helped in becoming more specific that the CSR activities help in reducing the systematic kind of risks in the hospitality industry and gained huge competitive advantage in the entire market as well. Additionally, in this aspect the independent variable is CSR which is being used in order to quantify the activities related to the same in the different organizations.
6 CORPORATE SOCIAL RESPONSIBILITY Furthermore, the study considered the total category level CSR scores in more than five kind of categories along with the overall CSR score in the particular year to gain knowledge on the various aspects of CSR practices in hotel industry. Results The results which have been generated from the article is relating to the different kinds of hospitality industries such as the hotels are engaging into different kinds of CSR initiativeswhichhelpinmanagingthedifferentsystematicrisksinaneffectiveand appropriate manner.The theoretical implications helped in analyzing that the hospitality firms considers CSR as powerful intangible asset for the organization which is helpful in nature in analyzing the influence of the CSR related activities effectively.
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7 CORPORATE SOCIAL RESPONSIBILITY References and Bibliography Benavides-Velasco, C.A., Quintana-García, C. and Marchante-Lara, M., 2014. Total quality management,corporatesocialresponsibilityandperformanceinthehotel industry.International Journal of Hospitality Management,41, pp.77-87. Calveras, A., 2015. Corporate social responsibility strategy in the hotel industry: evidence from the Balearic Islands.International Journal of Tourism Research,17(4), pp.399-408. Ettinger, A., Grabner-Kraeuter, S. and Terlutter, R., 2018. Online CSR communication in the hotel industry: Evidence from small hotels.International Journal of Hospitality Management, 68,pp.94-104. Fraj, E., Matute, J. and Melero, I., 2015. Environmental strategies and organizational competitiveness in the hotel industry: The role of learning and innovation as determinants of environmental success.Tourism Management,46, pp.30-42. Kim, Y., Kim, M. and Mattila, A.S., 2017. Corporate social responsibility and equity-holder risk in the hospitality industry.Cornell Hospitality Quarterly, 58(1), pp.81-93. Mohammed, A. and Rashid, B., 2018. A conceptual model of corporate social responsibility dimensions, brand image, and customer satisfaction in Malaysian hotel industry.Kasetsart Journal of Social Sciences, 39(2), pp.358-364. Serra-Cantallops, A., Peña-Miranda, D.D., Ramón-Cardona, J. and Martorell-Cunill, O., 2018. Progress in Research on CSR and the Hotel Industry (2006-2015).Cornell Hospitality Quarterly,59(1), pp.15-38.
8 CORPORATE SOCIAL RESPONSIBILITY Singh, J., 2019. Study of relation between CSR and employee engagement in hotel industry. InCorporate Social Responsibility: Concepts, Methodologies, Tools, and Applications(pp. 1243-1249). IGI Global.