The fundamental problem with CSR in education and skill development lies in the lack of coordination between the corporate sector and the educational and skill development sector. Corporates tend to focus on their own goals and objectives, while educational and skill development institutions focus on their own. This lack of coordination leads to inefficient use of resources and time, resulting in low quality outcomes.
The way to address this issue is to establish a strong link between the corporate and the educational and skill development sector. This link can be established through policy initiatives, collaborations and joint efforts. For example, the government can provide incentives and subsidies to corporates that undertake education and skill development initiatives. Corporates can also partner with educational and skill development institutions to provide resources, support and guidance. Finally, both the corporate and the educational and skill development sector should engage in regular dialogue and communication to ensure that the outcomes are of the highest quality.