MGMT 3020 Chapter Notes - Chapter 4: Corporate Social Responsibility

120 views4 pages

Document Summary

Who is a stakeholder: a multi-stakeholder perspective is the ideal vehicle for csr integration. Stakeholders in an organization are the individuals and groups who are depending on the firm in order to achieve their personal goals and on whom the firm is depending for its existence. A stakeholder in an organization is (by definition) any group or individual who can affect or is affe(cid:272)ted (cid:271)y the a(cid:272)hieve(cid:373)e(cid:374)t of the orga(cid:374)izatio(cid:374)"s o(cid:271)je(cid:272)tives: edward freeman (1984) The stakeholders in a firm are individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers. Post, preston, and sachs (2002: strategic csr is all about meeting the needs/expectations of as broad of an array of stakeholders as is possible, free(cid:373)a(cid:374)"s contributions and definition of stakeholders is considered the most appropriate. A new stakeholder definition: while everyone can be a stakeholder, management needs more precise stakeholder targets.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents