CORPORATE SOCIAL RESPONSIBILITY PROGRAMMES IN ETHIOPIAN FLORICULTURE INDUSTRY

Abstract

Corporate social responsibility (CSR) refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial t community in terms of development. In today’s globalized business world Corporate Social Responsibility has become the pioneer business issue with ethical business governance..Nonetheless, the idea is in the early developing stage in most of the developing countries like Ethiopia. Unlike the developed world in which the corporate governance system plays a kin role in ensuring the ethical business practice, countries without stock market like Ethiopia are faced with lack of well established ethical business practice. Ethiopian flower industry is at its infancy stage and generates a considerable amount of foreign currency and provides job opportunity for many citizens. This paper explores the practice of corporate social responsibility on Ethiopian flower industry. It highlights particularly on corporate social responsibility practices and its implementation through the assistance of government bodies and other stakeholders. It attempts to reveal the growth of the industry, corporate social responsibility and governmental regulations with its CSR drivers. The study also assesses the CSR practice from the three pillars of the economical, ecological and human practices of flower farms with its related CSR drivers in promoting their governance on corporate social responsibility. This research provides opportunity for students, researchers and stakeholders to analyze and discuss on the current CSR issue of the industry. Finally, conclusions and implications for future research are discussed.