Asked by Daniel Yannick on Sep 30, 2024
The stakeholder theory of corporate social responsibility:
A) strives to maximize profits for its shareholders.
B) tries to balance the interests of shareholders and stakeholders.
C) advocates the use of legal remedies to check corporate misbehavior.
D) advocates the freedom of corporations to run as they wish.
Stakeholder Theory
A management concept that asserts that the interests of all stakeholders, not just shareholders, should be considered in the decision-making process of an organization.
Corporate Social Responsibility
A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.
- Assess the effect of ethical principles on organizational responsibility and the making of decisions in a corporate context.
- Recognize the moral considerations associated with maximizing profit and the theory of stakeholder in commercial contexts.
Learning Objectives
- Assess the effect of ethical principles on organizational responsibility and the making of decisions in a corporate context.
- Recognize the moral considerations associated with maximizing profit and the theory of stakeholder in commercial contexts.
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