Email Updates RSS
Search
Social business models show positive outcome in society, even in the healthcare industry

Corporate Social Responsibility Research Shows to Be Helpful in Healthcare

By IGI Global on Jul 24, 2018
For 30 years, nurses in New Zealand have not gone on strike; however several days ago they picked up their signs and took to the picket line to protest their pay and staffing. The strike occurred after weeks of failed negotiations and the rejection of a government offer of a NZ$520-million package to lift wages, which would have had a pay increase of three (3) percent and added staff, according to Reuters. Calls for significant boosts of pay need to made, or else New Zealand might lose their nurses to other nations, a nurse with the Auckland District Health Board predicted. There is a global shortage of nurses, so they will be in high demand, she continues. As the healthcare industry in New Zealand faces this challenge, business research suggests corporate social responsibility practice, which stems from social business models, among enterprises and governments.

Employees, including nurses, can benefit from social business practices which have had considerable attention from individuals, according to recent research. Corporate social responsibility (CSR) can be used by governments to help circumvent resistance to hard regulation, as the advancement of it has potential for positive social outcome, according to Prof. Mark Camilleri from University of Malta in his publication, CSR 2.0 and the New Era of Corporate Citizenship.

Individuals refer to different businesses all over the world, as the practice and organization of the business industry is tangible and influential in every other field. “Institutions who do not have the power to pass laws see the similar commitments to responsible business practices that promote social or environmental considerations received considerable attention,” said Prof. Camilleri.

“For companies, the key point is first of all having a sustainable and strong CSR attitude and then finding effective and efficient ways to communicate with the society,” stated Prof. Melis Kaytaz Yiğit, of Yiğit Metal, and Prof. Özge Kirezli of Istanbul Bilgi University, authors of the chapter, “Understanding Historical Background of Corporate Social Responsibility (CSR) and Realizing Social Media as a New Horizon in CSR Communication” from the publication, Corporate Social Responsibility and Strategic Market Positioning for Organizational Success.

With globalization implementing a rapidly changing environment, businesses and government should adopt or develop their social responsibility towards society. In their publication, Corporate Social Responsibility and Strategic Market Positioning for Organizational Success studies CSR as an important concept in the positive formation as target groups. “While corporate social responsibility provides contribution for the society, it can also enhance the business operations,” said Prof. Yigit and Prof. Kirezli. Investing in CSR will not only benefit the stakeholders, but it will also prevent negative consequences in the future.

Every industry, including healthcare, can benefit from social responsibility and social business models. Business and society need each other, according to Prof. E. K. Sarter, of Glasgow Caledonian University, author of the chapter, “CSR, Public Spending, and the State”, from CSR 2.0 and the New Era of Corporate Citizenship “Successful corporations need a healthy society, and at the same time, a healthy society needs successful companies.” Prof. Sarter’s publication goes in depth of how companies have learned that giving effort to solving societal problems can help them develop their own business. As for-profit organizations have more freedom on where to navigate their spending, they can develop new businesses to solve current problems in society.

The shortage of nurses all around the globe does not fare well for the healthcare industry. "The NHS in the UK is going to lose 84,000 nurses over the next five years, the United States is going to be short 1.1 million nurses by 2020, and Australia is going to be short 85,000 nurses by 2025. So each of those countries is significantly more wealthy than New Zealand, each of those countries pays on average more money to nurses,” predicts the Auckland District Health Board nurse from a RNZ article. If the shortage continues, the hospital industry will face harsh difficulties in caring for patients, ultimately affecting the public welfare. In order to combat this global issue, it is important to continuously study social business tactics and implement it in everyday life.
For more information around business and management, click here. To ensure this research is made available to the academic community, all of these publications are featured as a part of IGI Global's InfoSci®-Journals database which offers institutions access to 4,500+ books containing over 89,000 chapters of peer-reviewed research in core subjects such as Business & Management, Computer Science & Information Technology, Education, Engineering, and Social Sciences & Humanities. InfoSci-Books offers institutions full-text PDF and HTML format with no DRM and an unlimited number of users. Purchase or recommend a free trial for your institution today.

Additionally, view the recommended readings below and recommend them to your library:

Disclaimer: The opinions expressed in this article are the author’s own and do not reflect the views of IGI Global.
Newsroom Contact
Caroline Campbell
Marketing Manager
ccampbell@igi-global.com
(717) 533-8845, ext. 144
www.igi-global.com/

No comments Comments

Log in or sign up to comment.
Be the first to comment!

More from IGI Global

Jun 27, 2024 The Truth Behind California’s Plastic Pollution Reduction Plan
The sheer amount of plastic waste has become overwhelming and newly proposed laws in California will only make matters worse.
IGI GlobalRead More
Business and ManagementEnvironmental, Agricultural, and Physical SciencesSustainable DevelopmentBooks & E-Books
Jun 21, 2024 IGI Global Announces the 2023 Journal Reviewer Award Winners
IGI Global congratulates the winners of this year's Journal Reviewer Award
IGI GlobalRead More
JournalsAwards & RecognitionOpen Access
Jun 20, 2024 How Do You Get Published in High Impact Journals?
IGI Global and eContent Pro held an enlightening webinar that offered pointers for researchers, academicians, and professionals looking to increase their chances of having their manuscript accepted into high impact scholarly journals.
IGI GlobalRead More
EducationBusiness and ManagementComputer Science and Information TechnologyJournalsWebinar
Jun 20, 2024 The Right to Read
Oklahoma City school district wins case against the state Board of Education.
IGI GlobalRead More
EducationSocial Sciences and HumanitiesBooks & E-Books
Jun 13, 2024 Why Are Researchers Merging AI with Satellite Image Surveillance?
Australian scientists create new bushfire detection method through the use of artificial intelligence and satellites.
IGI GlobalRead More
Environmental, Agricultural, and Physical SciencesScience & EngineeringArtificial IntelligenceBooks & E-BooksResearch Trends
Jun 12, 2024 Q&A with Dr. Rana Zeine: Medical Cannabis Research for Cancer, MS, Epilepsy & More
Dr. Zeine has spoken about her research at several events. Most recently, she was a Guest Speaker at the SALIHIN Corporate Centre in Kuala Lumpur, Malaysia, providing insights and background related to the book. See below, where she answers some of our questions about the conception of this research book.
IGI GlobalRead More
Medical, Healthcare, and Life SciencesBooks & E-Books
Jun 6, 2024 Treaty Signed After a Decade of Fighting
World Intellectual Property Organization (WIPO) signs first treaty in a decade, discusses link between genetic resources and Indigenous knowledge.
IGI GlobalRead More
Medical, Healthcare, and Life SciencesBooks & E-BooksResearch Trends
Jun 3, 2024 How Do You Get Published in High Impact Journals?
IGI Global and eContent Pro are holding a free webinar on Wednesday, June 12th at 10:30 AM EST via Microsoft Teams.
IGI GlobalRead More
JournalsWebinar
May 31, 2024 IGI Global Titles Included in Doody's Core Titles 2024
Recently, Doody's Core Titles, an essential collection development tool for health science librarians, included 5 IGI Global reference books in their book database.
IGI GlobalRead More
Medical, Healthcare, and Life SciencesBooks & E-BooksAwards & RecognitionResources for Librarians
May 30, 2024 Tourists are Ruining EVERYTHING
Japan is among several locations struggling with rebuilding sustainable tourism since it halted during the height of the Covid-19 Pandemic. How will this industry survive if tourists are allowed to destroy both habitats and culture?
IGI GlobalRead More
Business and ManagementHospitality, Travel & Tourism ManagementSustainable DevelopmentBooks & E-BooksResearch Trends
First Previous 1 2 3 4 5 6 7 8 9 10  ... Next Last