Year: 2014
Type: article
Study design: Observational Study
Abstract: The code of governance presents some fundamental core philosophy that is of significant milestone providing \nopportunities in shaping the business landscape in South Africa. Tough penalty clauses for non-compliance are designed \nto create effective leadership through the establishment of many guidelines in terms of procedures, accounting, \nsustainability and environmental and social responsibility that successful businesses normally follow. With that in mind \nthis paper aims to look at the challenges faced by business owners operating in small medium enterprises (SMEs) in their \ndaily operations and also to establish whether they are creating a meaningful contribution to corporate social responsibility \n(CSR) in their business environment. The findings revealed that entrepreneurs in Gauteng operating as SMEs still have a \nlong way to go in learning CSR. Reporting to internal and external stakeholders is still a nightmare if many SMEs on \nquestioning indicated that they were concerned with the burdens of compliance and the cost of compliance. Finally it was \nobserved that they were not much focussed on CSR. The study used a quantitative method approach and 200 structured \nquestionnaires were administered purposely and respondents were randomly selected in the three Tshwane Township.
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2625046964