Asked by
Devon Flowers
on Oct 23, 2024
Verified
From the perspective of a stakeholder model, any organization has a social responsibility to serve the interests of its many stakeholders.
Stakeholder Model
A framework used in business that identifies and addresses the interests and concerns of individuals and groups affected by the organization's actions.
Social Responsibility
The obligation of individuals and organizations to act in ways that benefit society at large, beyond their own interests or profits.
- Understand the fundamentals of corporate social responsibility (CSR) and how it influences organizational strategy.
- Differentiate between stakeholders and shareholders and their roles in corporate governance.
Verified Answer
AP
Learning Objectives
- Understand the fundamentals of corporate social responsibility (CSR) and how it influences organizational strategy.
- Differentiate between stakeholders and shareholders and their roles in corporate governance.
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