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What do you think is the business organization primary responsibility to it's stakeholders and why?
A business organization's primary responsibility to its stakeholders is to create value while ensuring ethical practices and transparency. This involves balancing the interests of shareholders, employees, customers, and the community, as their collective well-being is essential for sustainable success. By prioritizing stakeholder engagement and fostering trust, organizations can drive long-term growth and resilience, ultimately benefiting all parties involved. This approach not only enhances reputation but also mitigates risks and promotes a positive impact on society.
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What do think is the business organization primary responsibility to its stakeholders and why?
A business organization's primary responsibility to its stakeholders is to create value while balancing the interests of all parties involved, including shareholders, employees, customers, suppliers, and the community. This involves operating ethically, ensuring financial sustainability, and fostering positive relationships. By prioritizing stakeholder interests, organizations can enhance their reputation, drive long-term success, and contribute to social and economic well-being. Ultimately, a stakeholder-focused approach promotes trust and loyalty, which are vital for sustained growth.
What are the two theories of corporate social responsibility?
The two primary theories of corporate social responsibility (CSR) are the stakeholder theory and the shareholder theory. The stakeholder theory posits that companies have obligations to a wide range of stakeholders, including employees, customers, suppliers, and the community, emphasizing ethical considerations and social impact. In contrast, the shareholder theory, often associated with economist Milton Friedman, argues that a corporation's primary responsibility is to maximize shareholder value, suggesting that social initiatives should only be pursued if they align with profit-making objectives.
What are brick and mortar organization?
old-economy organizations (Corporation) that perform their primary business off-line, selling physical products by means of physical agents.
What is the primary motive of business?
Business motives vary among organization/company. However, they share common attributes such as but not limited to: Provide a good or a service that is of sufficient perceived value to customers that enough purchases are made of the product or service that the revenue received by the business is at a net break-even point (in the case of nonprofit business) or at a profit. Public businesses' primary motive is to return the maximum value to its shareholders.
The socioeconomic model of social responsibility places primary emphasis on?
production
How do three primary stakeholders capital market organizational product market influence the organization?
1. Capital market stakeholders 2. Product market stakeholders and 3.Organizational stakeholders
Who are the primary stakeholders that shape the business ethics?
nike/tony hawk
Define primary and secondary stakeholders?
Stakeholders that are both important and influential, are primary stakeholders and must by fully engaged in the governance and steering of the project, if it is to succeed. While stakeholders that are either important or influential, are secondary stakeholders and need to be actively managed during the project.
Examples of primary stakeholders?
Primary stakeholders are the people who take part in economic transactions with the business. More often than not, they are internal stakeholders. Some examples are suppliers, stockholders, customers, creditors, and employees.
What organization serves as the office of primary responsibility for DOD wide PR matters?
JPRA
Are all internal stakeholders primary stakeholders?
No, government and creditor are the external stakeholders.
Who are the skateholders?
Stakeholder is a person, group or organization that has interest or concern in an organization.Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. A party that has an interest in an enterprise or project. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers.
What do certain stakeholders have the most influence of in business?
Owners have a big say in how the aims of the business are decided, but other groups also have an influence over decision making. For example, the directors who manage the day-to-day affairs of a company may decide to make higher sales a top priority rather than profits. Customers are also key stakeholders. Businesses that ignore the concerns of customers find themselves losing sales to rivals. In a small business, the most important or primary stakeholders are the owners, staff and customers. In a large company, shareholders are the primary stakeholders as they can vote out directors if they believe they are running the business badly. Less influential stakeholders are called secondary stakeholders.
Is SABMiller's customers their secondary stakeholders?
Customers are primary stakeholders.
What part of the organization has primary responsibility for productivity?
Operation manager is primary responsible is to achieve the productive use of organizational resources.
What is the primary responsibility of the OPSEC program officer at division level and below?
The development, organization, and administration of an OPSEC program.
What is the primary responsibility of the secretary of transportation?
what is the primary responsibility of the secretary of transportation
