Strategic CSR perspectives hold key to sustainable tourism development in the Society 5.0

Authors

  • Kishor Kumar Dash

DOI:

https://doi.org/10.34117/bjdv10n3-010

Keywords:

society 5.0, CSR, integrated, sustainable

Abstract

The purpose of this paper is to report about research on how Society 5.0 balances Industry 4.0, responsible economic development and resolution of social problems by advancement of perspective corporate social responsibility (CSR) in organizations. Drawing from organisation, sustainable tourism development and social functionalism theories, the author designed an integral model of CSR in the line with goals of a forward looking and socially responsible society. This study includes analysing of present governing principles. The findings of this research paper suggest technology models of Corporate Social Responsibility, a regionally grounded solving of individuals social problems and changing of CSRs environmental, social and economic dimensions according to the circumstances of Society 5.0. Because there is a limit to what people can do, the task of finding s the necessary information from overflowing data and analysing it was a burden and scope of action were restricted due to age factor and degrees of ability. The study was created guidance for improvement of CSR practice in organisations through its responsible operation and behaviour grounded on the governing environmental and social circumstances in modern society. It proposes an integral technology-based model for sustainable economic growth.

References

Aguilera, R.V., Rupp, D.E., Williams, C.A. and Ganapathi, J. (2007), “Putting the S back in corporate social responsibility: a multilevel theory of social change of organizations”, Academy of Management Review, Vol. 32 No. 3, pp. 836-863.

Aupperle, K., Carroll, A. and Hatfield, J. (1985), “An empirical examination of the relationship between corporate social responsibility and profitability”, Academy of Management Journal, Vol. 28 No. 2, pp. 446-463.

Carroll, A. (1999), “Corporate social responsibility: evolution of a definitional construct”, Business and Society, Vol. 38 No. 3, pp. 268-295.

Dahlsrud, A. (2008), “How corporate social responsibility is defined: an analysis of 37 definitions”, Corporate Social Responsibility and Environmental Management, Vol. 15 No. 1, pp. 1-13.

Friedman, M. (1970), “The social responsibility of business is to increase its profits”, New York Times Magazine, Vol. 13 Nos 32/33, pp. 122-124.

Hofman, P., Moon, J. and Wu, B. (2017), “Corporate social responsibility under authoritarian capitalism: dynamics and prospects of state-led and society-driven CSR”, Business & Society, Vol. 56 No. 5, pp. 651-671.

Islam, Md Shafiqual (2015), Study on Factors Influencing Tourism Way Forward for Sustainable Tourism in Bangladesh. Available at: https://www.researchgate.net/publication/293263713

Japan Business Federation (Keidanren) (2016), Toward Realization of the New Economy and Society. Reform of the Economy and Society by the Deepening of “Society 5.0”, Keidanren, Tokyo.

McWilliams, A. and Siegel, D. (2000), “Corporate social responsibility and financial performance: correlation or misspecification?”, Strategic Management Journal, Vol. 21 No. 5, pp. 603-609.

Mulej, M. and Dyck, R. (Eds) (2014), Social Responsibility – A Non-Technological Innovation Process, (Social responsibility beyond neoliberalism and charity, Vol. 1), Bentham, London.

Potočan, Vojko ; Mulej, Matjaž ; Nedelko, Zlatko(2020), Society 5.0: balancing of Industry 4.0, economic advancement and social problems. Retrieved from: https://www.emerald.com/insight/content/doi/10.1108/K-12-2019-0858/full/html

Reinhardt, F., Stavins, R. and Vietor, R. (2008), “Corporate social responsibility through an economic lens”, Review of Environmental Economics and Policy, Vol. 2 No. 2, pp. 219-239.

Wang, H., Tong, L., Takeuchi, R. and George, G. (2016), “Corporate social responsibility: an overview and new research directions: thematic issue on corporate social responsibility”, Academy of Management Journal, Vol. 59 No. 2, pp. 534-544.

Downloads

Published

2024-03-05

How to Cite

Dash, K. K. (2024). Strategic CSR perspectives hold key to sustainable tourism development in the Society 5.0. Brazilian Journal of Development, 10(3), e67812. https://doi.org/10.34117/bjdv10n3-010

Issue

Section

Original Papers