BUS 100 Study Guide - Quiz Guide: Stakeholder Theory
8 Sep 2017
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Provides the best quality products at a fair price. Provides assistance to employees who attend evening college. A company vice president invited to attend a local community"s town planning meeting. Global corporate citizenship: when a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally. Strive to conduct all business dealings in an ethical manner. Make a concerted effort to balance the needs of stakeholders. Corporate power: the capability of corporations to influence government, the economy, and society, based on their organizational resources. Integrating concern for both financial and social performance. Business and society need, as well as influence, each other. Business and society are both separated and connected. Business is a part of society, and society penetrates far and often into the business. Business and society"s boundary is not clear nor distinct. Corporations that run their operations according to the stakeholder theory of the firm create value by.
