STRENGTHENING STAKEHOLDER-COMPANY RELATIONSHIPS THROUGH MUTUALLY BENEFICIAL CORPORATE SOCIAL RESPONSIBILITY INITIATIVES C.B. Bhattacharya Daniel Korschun Sankar Sen Forthcoming: Journal of Business Ethics Abstract Corporate social responsibility (CSR) continues to gain attention atop the corporate agenda and is by now an important component of the dialogue between companies and their stakeholders. Nevertheless, there is still little guidance as to how companies can implement CSR activity
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|Unit Title: |Unit No:1 |Date Issued | |Business Environment | |Week beginning 11/02/13 | |Student Name |Student ID |Due Date – 03/06/13 | |Lecturer Name: Ibrahim kevin, Sujata,& Issac |Internal Verifier Name | |
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Tool Stakeholder Analysis October 2005 Resources for Implementing the WWF Standards Contents What Is Stakeholder Analysis?............................................................................................ 1 Why Stakeholder Analysis Is Important ............................................................................. 1 When to Use Stakeholder Analysis ..................................................................................... 1 How to Develop and Use Stakeholder Analysis
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What is more important life or mitigating financial loss? The case of “The Sole Remaining Supplier” looks at that question. In 1975 pacemaker technology was in its early years. The technology was so new that doctors were not very skilled at the installation of the pacemakers. Once installed these units acted as the patient’s normal heartbeat and any malfunction would have caused certain death. The pacemaker units were very sensitive and there had been a story of a “patient pulling the pacemaker wire
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higher number of defective units, the life of the component is 25% less than the standard. Pat sees very little personal risk as he expects his successor will be responsible for handling any problems associated with this decision. The primary stakeholders that will be affected by the decision are top management and/or owners of Oaktown Electronics Division, investors of Oaktown Electronics Division, Pat, the purchasing agent successor, the
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Project Proposal Comments: * NextGen * The project will consist of at least 10 hours of training on both the use of the new platform as well as a host of new compliance policies being introduced. * Primary Stakeholders, Secondary Stakeholders, and Key Stakeholders (Competitors, Employees, Government, Government regulatory agencies, Industry trade groups, Investors, Labor unions, Local communities, National communities, Professional associations, Prospective customers, Prospective employees
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| According to Investopedia, a stakeholder in a company is defined as a party that has an interest in an enterprise or project. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers. However, modern theory goes beyond this conventional notion to embrace additional stakeholders such as the community, government and trade associations. Stakeholders have different views on what is valuable because they have multi-dimensional stakes and different relationships
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they adopted a stakeholder orientation marketing strategy addressing the demands of the primary and secondary stakeholders. This new marketing strategy builds relationships with many stakeholders including customers, suppliers, employees, shareholders, regulators, and the local community. By building these relationships it creates more value for the company itself while relying on all of their primary stakeholders. Being able to satisfy the primary and secondary stakeholders is very important
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are the benefits and costs to each stakeholder? 2. Do the net benefits exceed the net costs to all stakeholders? Based on a “rights” perspective, for each alternative: 1. What are the responsibilities of Kelsey, Bruce, the CPA firm, and Compo? 3. • What are the rights of each stakeholder? 2. What responsibility does Kelsey have to inform affected parties of the request to violate firm policy? Who Are the Primary Stakeholders? Based on a utilitarian costs and
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Hasnae Benyaich The Social Responsibility of a Business is to Increase Profit by Milton Friedman in the light of The Stakeholder Theory by Edward Freeman In light of Friedman's understanding, we can without much of a stretch withhold his fundamental contentions in respect of corporate social responsibility. Friedman contends that the main obligation of a business is to make utilization of its potential asset for the sole purpose of expanding benefit. For him, staying aware of the capitalist principles
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