Volume : III, Issue : III, March - 2013

The Private Capital Social Responsibility in the Kingdom of Saudi Arabia

Alotaibi Mohamed Meteb. M

Abstract :

The private capital’s social responsibility concept refers to the existence of implicit contract which determines the rights and responsibilities of businessmen towards the society. It is notable that the private sector’s social responsibility concept is deep rooted and well–established to the extent that it could be sometimes misinterpreted as beneficiary work concept or public relations. The research aims to identify the concept and importance of social responsibility, its various components and forms with the focus on the private capital’s role in beå the social responsibility. It also aims to clarify the relationship between social capital and the realization of sustainable development. The research has also handled the private sector’s role and contribution in Saudi Arabia in the field of social responsibility and the potential benefits that the working companies in Saudi Arabia could gain through the contribution to the social capital. Finally, the research reviews other countries experiences in the field of social responsibility and its benefit in order to introduce the necessary recommendation for activating the Saudi Arabia private sector’s role in beå the social responsibility. There is also no clear organization of the private sector’s work mechanisms as the private sector’s contribution is still less than what is expected. In spite of the latest development of the social work concept, it does not exceed being individual initiatives because of the absence of the organizing vision and the consistency among the needs of society. The research relies on the descriptive method to describe, interpret and analyze the relationship between social capital and the realization of sustainable development in Saudi Arabia. The study examines the following hypotheses: There is a close relationship between the social capital and the sustainable development.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Alotaibi Mohamed Meteb. M The Private Capital Social Responsibility in the Kingdom of Saudi Arabia Indian Journal of Applied Research, Vol.III, Issue.III March 2013

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