Changing Emphasis in Companies
Companies themselves have also changed. No longer are they concerned with green-washing the pretence of socially responsible behavior through artful reporting.
Companies are taking CSR much more seriously not just because they understand that it is a key to bushiness success and can give them a strategic advantage.
CSR about the company’s concern for such thinks as community involvement, social responsible products and process, concern for the environment and socially responsible employee relations
The Social Contract
An implicit agreement among the members of a society to cooperate for social benefits, for example by sacrificing some individual freedom for state protection.
An implicit agreement among the members of a society to cooperate for social benefits.
Stakeholders & Social Contract
A group of individuals who can affect of affected by the achievement of the organization’s objectives.
Those groups without whose support the organization would cease to exits
Group of individuals
- There are some more generic groups who are often included:
- Society at large
- The local community
Multiple Stake holding
It is normal to consider all of these stakeholder groups separately. It should be noted that each person will belong to several stakeholder groups at the same time.