Stakeholder Theory
-
Simultaneously addressing all four responsibilities covered by Carroll’s Pyramid is the biggest challenge. This is because ethical principles can sometimes conflict with your organization’s economic priorities. For example, will a promising new contract, an investment opportunity, or utilizing a low-cost supplier conflict with your ethical stance? Investing in CSR can also take up resources, and even…
-
Stakeholder theory, which has been described by Edward Freeman and others, is the mirror image of corporate social responsibility. Instead of starting with a business and looking out into the world to see what ethical obligations are there, stakeholder theory starts in the world. It lists and describes those individuals and groups who will be…
You must be logged in to post a comment.