Does company understand and respond to needs of stakeholders


Assignment task:

Corporations are increasingly being held accountable for their effect on both the environment and society. This course seeks to understand the goals and purpose of the for-profit firm. In particular, we will explore how the firm creates value, broadly defined, by investigating the concept of strategic corporate social responsibility (Strategic CSR). In Module 10, we will learn that the goal of a business is "to establish strategic CSR as a set of principles that differentiate it from related concepts, such as sustainability and business ethics. While sustainability focuses on ecological preservation and business ethics constructs normative prescriptions of right and wrong, strategic CSR is a pragmatic philosophy that is grounded, first and foremost, in the day-to-day operations of the firm. As such, strategic CSR is central to the firm's value-creating activities and, ultimately, its success in the market" (Chandler, 2020, p. 241).

Are any actions taken directly related to core operations?

Does the company seek to understand and respond to the needs of their stakeholders?

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