Defined as a set of “context-specific organizational actions and policies that take into account stakeholders’ expectations and the triple bottom line of economic, social, and environmental performance” (Aguinis and Glavas 933), CSR is a crucial element of any organization’s framework in the global economy. Therefore, making sure that the companies operating in the Qatar environment comply with the basic principles of the concept in question is essential for the economic wellbeing thereof. Since a recent report points to the need to integrate the principles of sustainable use of resources into the framework of the local entrepreneurship (“CSR Qatar 2015” par. 1); operation, the criteria such as the necessity to promote sustainability and a reasonable allocation of resources can be deemed as the basic for the CSR strategies assessment.
The necessity to consider the sustainability rates of the projects suggested by the concerned organizations lies in the very definition of CSR. Since the latter involves the promotion of responsibility, in general, including the responsible use of the resources that an organization has at its disposal, CSR can be interpreted as the means of fostering a well-balanced approach to the use of resources in general (“Sustainability Report 2014” par. 1).
Apart from the above-mentioned factor, the concept of the Islamic discourse should be viewed as the tool for evaluating the projects that various companies may pitch to the organization to promote the further development of CSR in the area. For the SCR practices used by organizations to be efficient in Qatar, they need to be adjusted to the specifics of the local culture; particularly, the religious philosophy of the local residents needs to be taken into account. For instance, it will be essential to view the issue of sustainability promotion through the lens of hope and optimism, which the Islamic discourse offers (Al-Jayyousi par. 3). Thus, the controversial issue of the effect of entrepreneurship on climate change can be approached and discussed productively.
Last but definitely not least, the issue regarding the green economy needs to be considered. As a recent analysis of the Qatar agenda shows, an environmentally friendly policy is crucial for retaining sustainability rates high in the area. Hence, the assessment of the green policy followed by the company in question – or the lack thereof – will have to be viewed as a crucial part of the evaluation of the project that the firm pitches.
CSR is an indispensable element of any organization’s functioning, which serves as the tool for promoting the coexistence of an organization and the elements of the local environment. Hence the inclusion of the concepts such as the sustainable use of resources, the green policy of entrepreneurship, and the Islamic discourse as the tool for promoting sustainability in the context of a Muslim community need to be viewed as a necessity After contemplating the rates thereof in the organization in question, one may figure out whether the firm under discussion is going to pose a threat to the economic, financial, societal and environmental wellbeing of the state.
Works Cited
Aguinis, Herman and Ante Glavas. “What We Know and Don’t Know About Corporate Social Responsibility: A Review and Research Agenda.” Journal of Management, 38.4 (2012): 932–968. Print.
Al-Jayyousi, Odeh Rashed 2015, Islamic Discourse on Climate Change. Web.
CSR Qatar 2015 2015. Web.
Sustainability report 2014. 2015. Web.