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The worth of corporate social responsibility in SME growth to large corporate size

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  • Solly Matshonisa Seeletse

    (Professor, Department of Statistical Sciences, Sefako Makgatho Health Sciences University)

Abstract

This study investigated the relationship between corporate social responsibility (CSR) and the growth of small and medium-sized enterprises (SMEs). It examined the extent to which SMEs can engage in CSR to achieve larger sizes. A purposive study selected three large corporates that started as SMEs and grew to become large corporates through CSR. Interviews with managers leading CSR in these corporates revealed that CSR can be a key driver of growth, leading to larger sizes. The study concludes that CSR can be effectively used by SMEs to enhance their growth, potentially even to multinational enterprise levels. Recommendations include training employees in CSR knowledge, integrating CSR into business operations, prioritizing CSR initiatives, exposing management to CSR, and incorporating CSR into the mission for strategic status.

Suggested Citation

  • Solly Matshonisa Seeletse, 2024. "The worth of corporate social responsibility in SME growth to large corporate size," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 6(2), pages 51-60, April.
    • Handle: RePEc:adi:ijbess:v:6:y:2024:i:2:p:51-60
    DOI: 10.36096/ijbes.v6i2.503
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    References listed on IDEAS

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    1. Dawit Bahta & Jiang Yun & Md Rashidul Islam & Kuyon Joseph Bikanyi, 2021. "How does CSR enhance the financial performance of SMEs? The mediating role of firm reputation," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 34(1), pages 1428-1451, January.
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