This report discusses the role and purpose of literature review in academic studies and research, with a focus on Corporate Social Responsibility (CSR). It also summarizes and evaluates past works related to CSR, highlighting its importance for global businesses.
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Running Head: STUDY SKILLS 0 Study Skills Study Skills for Higher Education (Student details :) 3/21/2019
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Study Skills 1 Contents Study Skills for Higher Education.............................................................................................2 Task-2: Report on CSR..............................................................................................................2 Introduction............................................................................................................................2 Literature Review’s significance, role and purpose within academic studies.......................2 Literature review on Corporate Social Responsibility...........................................................4 Conclusion..............................................................................................................................7 References..................................................................................................................................7
Study Skills 2 Study Skills for Higher Education Task-2: Report on CSR Introduction The report is based on the significance, role or purpose of the concept of literature review (herein after referred as LR) in the context of academic studies and research. In this context, the paper will identify what LR is as well as what it actually achieves. Besides, this report willdemonstrate the capability ofsummarising and critically evaluating past works related to aresearchproblem being investigated. Moreover, with the help of this report writing ability to collect valuable info and ideas which can successfully guide any research will be demonstrated.Todoso,thispaperwillutiliseaspecifictopicasCorporateSocial Responsibility (referred as CSR), over which the illustration of LR will be demonstrated (Tilakasiri, 2013). In general, LR is a key step of any research to get the detailed picture of the till day work within any chosen research area in a way that researcher or scholar can further invent, research and conclude something useful and innovative. In this way, report is going to evaluate the purpose of thisresearch step of LR within academic study while demonstrating a LR over the topic of CSR in general. Literature Review’s significance, role and purpose within academic studies A LR can be seen as a kind of review article because it is a scholarly paper, which comprises therecentknowledgecontainingsubstantivefindingscoveringtheoreticalaswellas methodological contributions towards a specific topic. LRsare the secondary sources, and hence they do not cover novel or original experimental work(Younger, 2010).In order to discuss significance of the LR, it has 3 majorfunctions(Younger, 2010). In this context, for conveying core knowledge and ideas to the reader over any topic LR is utilised. With the help of LR one can pass the message to their readers that he or she is familiar with the important theories as well as ideas. Besides, the purpose of a LR is to: Organize every work in the context of their contribution for effectivelyunderstandthe research problem being considered. Define the relation of every work of the research with the others. Recognize innovative ways of interpreting past research.
Study Skills 3 Identify facts and data sources, which have been used by the past researchers Contribute to the research field through moving towards the research direction. Reviewtheliteratureinawaythatwecanseewhatcamefirst,alongwith whatactuallydidand did not work for rest of the researchers. Demonstrate understanding, as well as capability to critically evaluate research outcomes in the chosen field(Kim, 2018). Moreover,aliteraturereviewalwayshelpsreaderstoachieveanunderstandingof thescholarly research on any chosen topic. LR helps to demonstratea well-informed scholar withknowledge and expertise within the field through providingan overview of the present state of the literature(Kim, 2018).While reviewing any literature scholar can find a gap in the literature. In addition, LR helps toaddressa professional issue during the research study. LRhelpsinillustratingresearchcontributionsintothescholarlyconversation.While achieving synthesis of the recent trends, issues and concepts surroundingany research, LR is important. Source:(Kim, 2018) Furthermore, whenever an academic expert wants to get and maintain thevision of any big picture of the research problem then LR helps to achieve it. On the other hand, literature
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Study Skills 4 review is important because it is very easy to lose vision while doing research hence LR is an important way to be on track of the particular academic study. In addition, LR is not just a comprehensive history of any topic, but it is a way of offering main context to the readers about research, which has preceded the study. Source:(Younger, 2010) In this way, a LR typically surveys e-books, books, scholarly articles, documents, online- sources and other academic sources over a particular problem, area of research, or theory. Post doing surveys, LR offers a detailed description, summary, as well as critical evaluation of those works related to the research problem being studied(Younger, 2010).Thus, LRs are generally designed to offer an outline of sources scholar has explored while conducting a research on a particular topic. Hence, in order to demonstrate to the readers how the particular research turns in a greater field of study LR is utilised(Kim, 2018). Literature review on Corporate Social Responsibility In order to demonstrate usability of the concept of LR within the context of a research study, LR over CSR is going to discuss here. In this context,(Lindgreen & Swaen, 2010)proposed
Study Skills 5 thathigh ranking of CSR over research agendas is appears to be reproduced in theoretical as well as managerial discussions. Results of this paper suggest that, CSR has been moved from ideology to actuality. Besides, management experts and professional people consider CSR essential for organizations to describe their roles within society as well as apply ethical and social standards to their companies. Author(Lindgreen & Swaen, 2010)have been utilised importantfactorslikecommunication,stakeholderengagement,implementation, measurement and business case to explain the significance of CSR for an organization (Tilakasiri, 2013). Thus, with thegrowth of the world economy, author suggested that CSR has also gone worldwide. However, research within the field of CSR is still remaining basically local and hence further empirical investigations of global CSR practices are to be examined to find how CSR is conceived as well as practised within diverse organizational contexts(Lindgreen & Swaen, 2010). In addition,(Benabou & Tirole, 2012)has presented thatsociety's requirements for individual as well as CSR as an alternative response to distributive and market failures are becoming progressively prominent. Moreover, the author presented results on current developments within the economics and psychology of pro-social behaviour for shedding light over the chosen trend along with the primary mix of motivation. Later then, they linked individual concerns with the CSR, while opposing 3 likely understandings of a term: organizations' adoption of a long‐term perspective.This paper delegated exercise of pro-social behaviour on the behalf of firm’s stakeholders, as well as insider‐originated corporate philanthropy. In this way, paper written by(Benabou & Tirole, 2012)discussed the advantages, costs and limitations of communally responsible behaviours being the means to future societal goals. Furthermore,(Carroll & Shabana, 2010)presentedthe CSR review with the help of the ‘business case’ as the primary subject for CSR. Here, business case defines as the underlying arguments supporting why the commercial community should receive as well as develop the CSR ‘causes’. The author raised the question as how global firms get benefit concretely through engaging into CSR activities, policies and practices. Additionally, the paper has provided a brief description about the growing understandings about CSR. Besides, author of the article(Carroll & Shabana, 2010)hasoffered some of the long‐recognized, traditional arguments, which have been created both for as well as against the business idea of organization while assuming a responsibility towards society despite profit‐making and maximizing the company’s financial well‐being. In this way, the paper addressed the business
Study Skills 6 case deeply while narrating the goal of describing and summarizing what the chosen business case means. Thus, paper written by(Carroll & Shabana, 2010)reviewed few concepts, researched as well as practiced to characterize the chosen business case idea. In this context, according to(Du et al., 2010)through engaging intoCSR activities, organizations can easily produce favourable stakeholder approaches along with the better support behaviours. For an example, activities like seeking employment, purchase and investing in the company is get easier because of effective engagement into CSR activities. In thelong-term,buildinggoodcorporateimage,strengtheningstakeholder–company relationships, as well as enhancing stakeholders' advocacy behaviours is possible only when company is engaged into strong CSR activities. On the other hand, author has stated that stakeholders' less awareness about company and unfavourable attributions to companies' CSR activities endure critical impairments within companies' efforts of maximizing organizational benefits through the CSR activities. Thus, author of this article(Du et al., 2010)highlighted a requirement for firms to communicate their CSR in an effective form in front of their stakeholders. Thus, a theoretical framework of companies’ CSR communication has been presented with the different aspects being analysed. In this context, journal written by(Barnea & Rubin, 2011)has presented that during recent years, companies have majorly augmented theextent of resources assigned to their CSR activities. Besides, paper has highlighted a thing that an improvement in CSR expenses might be stable with the firm value maximization. Hence, this paper has presented conflicts amid shareholders and stakeholders from the perspective of CSR promotion. Therefore, assuming that greater CSR ratings are associated with the greater CSR expenditure levels, the results of this discussion support hypothesis that all the company insiders encourage organizations for over-investing into CSR activities while they all bear few cost of doing that so(Barnea & Rubin, 2011). In this way, the above review of the literature related to CSR depicts that maintaining CSR is important for all of the global firms to survive in the global business market in the long-run. Hence, all of the journal reviews are suggesting thatCSRalways demonstrates the firm as a business which is taking an interest into broader social issues, despite just looking for the profit margins. Therefore, having interest into CSR will attract consumers, which makes a good business sense for operating sustainably in future(Thompson, 2017).
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Study Skills 7 Conclusion In conclusion, this report has successfully identified the role and purpose of a literature review. Moreover, to illustrate LR in detail paper has worked on the topic Corporate Social Responsibility. The report has also demonstrated the capability of summarising and critically evaluating past related to any research problem being chosen. In order to illustrate LR with the help of the topic CSR, the paper has utilised Google library, academic sources and other media services effectively. Besides, the paper has successfully demonstrated an ability of collecting valuable info, thoughts, results and ideas which have guided our research. In addition, while evaluating the role of LR into any research process the paper has also identified many important functions of the LR. Additionally, topic of CSR helped a lot to demonstrate the value, context and purpose of LR in a research. Moreover, report has discussed numerous benefits of CSR activities in the context of functionality of different global businesses. Finally, this report has effectively discussed the concept of LR within the context of academic study skills with the help of the concept of CSR of global business. References Barnea, A. & Rubin, A., 2011. Corporate social responsibility as a conflict between shareholders.Journal of business ethics, 97(1), pp.71-86. Benabou, R. & Tirole, J., 2012. Individual and corporate social responsibility.Economica, 77(305), pp.1-19. Carroll, A. & Shabana, K., 2010. The business case for corporate social responsibility: A review of concepts, research and practice.International journal of management reviews, 12(1), pp.85-105. Du, S., Bhattacharya, C. & Sen, S., 2010. Maximizing business returns to corporate social responsibility (CSR): The role of CSR communication.International journal of management reviews, 12(1), pp.8-19. Kim, Y.S., 2018.The Importance of Literature Review in Research Writing. [Online] Available at:https://owlcation.com/humanities/literature_review[Accessed 22 March 2019]. Lindgreen, A. & Swaen, V., 2010. Corporate social responsibility.International Journal of Management reviews, 12(1), pp.1-7.
Study Skills 8 Thompson, A., 2017.Starbucks Coffee’s Stakeholders: A CSR Analysis. [Online] Available at:http://panmore.com/starbucks-coffee-stakeholders-csr-analysis[Accessed 02 December 2018]. Tilakasiri, K.K., 2013. Corporate Social Responsibility and Social, Economic and Environmental Development in Sri Lanka.Kelaniya Journal of Human Resource Management, 8(2), pp.93-99. Younger, P., 2010. Using Google Scholar to conduct a literature search.Nursing Standard, 24(45).