Asked by Gurkamal Cheema on Jul 12, 2024

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Foundational to corporate social responsibility is stakeholder engagement,and initiatives should be ______ for customers,employees and volunteers.

A) mandatory
B) universal
C) participatory
D) economic

Stakeholder Engagement

The practice of actively involving individuals or groups who may be affected by or have an interest in a project or decision of an organization.

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with their stakeholders, aiming to have a positive impact on society.

Participatory Initiatives

Programs or projects designed to actively involve stakeholders, especially the community or employees, in decision-making or activities.

  • Determine the essential elements necessary for successful engagement with stakeholders in Corporate Social Responsibility initiatives.
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HA
Hajjami AbderrahmaneJul 13, 2024
Final Answer :
C
Explanation :
Stakeholder engagement is a participatory approach where companies involve stakeholders in decision-making processes, dialogue, and actions. Initiatives should be participatory for customers, employees, and volunteers, meaning they should involve these stakeholders actively and include their opinions and ideas in the decision-making process. Mandatory initiatives may not lead to genuine engagement, and universal initiatives may not address specific stakeholder concerns. Economic initiatives may not necessarily engage stakeholders or address their needs.