52 Outcome: Stakeholders and Social Responsibility

What you’ll learn to do: explain how stakeholders shape a business’s approach to corporate social responsibility

As you’ll call from an earlier module, the list of business stakeholders ranges from consumers to governments. These groups have vested interests in the business that go beyond financial matters—stakeholders can also influence the organization’s role as a good corporate citizen. Many large companies have come under stakeholder scrutiny for “lapses in corporate social responsibility.”  The issues that stakeholders raise range from the working conditions of employees to product safety.  In some cases, stakeholders have called for businesses to be accountable for practices that, although legal, cross the line of ethical practice.

LEARNING ACTIVITIES

The learning activities for this section include:

• Reading: Demands for Corporate Social Responsibility
• Reading: Stakeholder Theory and Corporate Social Responsibility
• Self Check: Stakeholders and Social Responsibility

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.