Asked by Marisol Trejo on Jun 26, 2024
Verified
Social responsibility rests on a stakeholder orientation.
Social Responsibility
Refers to the obligation of individuals and organizations to act for the benefit of society at large, balancing profit-making activities with activities that benefit the community.
Stakeholder Orientation
A business approach that prioritizes the needs, interests, and well-being of all stakeholders in decision-making processes.
- Comprehend the methodology and importance of adopting a stakeholder viewpoint within businesses.
- Acquire knowledge on the notion and value of corporate citizenship and the methods by which organizations satisfy stakeholder anticipations.
Verified Answer
NV
Nathalia Velez
Jun 28, 2024
Final Answer :
True
Explanation :
Social responsibility involves considering the interests and impacts of all stakeholders, including employees, customers, suppliers, shareholders, and the broader community. Therefore, a stakeholder orientation is essential for responsible and ethical business practices.
Learning Objectives
- Comprehend the methodology and importance of adopting a stakeholder viewpoint within businesses.
- Acquire knowledge on the notion and value of corporate citizenship and the methods by which organizations satisfy stakeholder anticipations.