nother way that companies can embrace social responsibility is through a different approach called stakeholder theory. This theory's central focus is that social responsibility is really giving attention to every stakeholder in the entire company whether it be the employees, customers, owners, suppliers, management or the community.
The following is how each stakeholder would view social responsibility from their company. It is a more widespread approach and far reaching. Employees want to have a good, secure job and excellent wages, while management wants happy workers and profits. Customers expect excellent customer service and high quality products while the community wants a corporation to pay their taxes, offer their citizens good wages and help support the environment by not polluting. Suppliers want their business to remain plentiful, and owners, of course, want a financial return or an excellent profit.
nother way that companies can embrace social responsibility is through a different approach called stakeholder theory. This theory's central focus is that social responsibility is really giving attention to every stakeholder in the entire company whether it be the employees, customers, owners, suppliers, management or the community.The following is how each stakeholder would view social responsibility from their company. It is a more widespread approach and far reaching. Employees want to have a good, secure job and excellent wages, while management wants happy workers and profits. Customers expect excellent customer service and high quality products while the community wants a corporation to pay their taxes, offer their citizens good wages and help support the environment by not polluting. Suppliers want their business to remain plentiful, and owners, of course, want a financial return or an excellent profit.
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