After completing this week’s readings, analyze a current or past organization where you have worked. Is your current organization managed by the stakeholder or stockholder approach? Do you agree/disagree with the approach that has been utilized? If you agree with the approach, please state why. If you disagree, what changes would you make? Be specific with your analysisIn this paper, the authors review and analyze the relationship between a firm’s business strategy and its corporate social responsibility (CSR) performance.
- Yuan, Y., Lu, L. Y., Tian, G., & Yu, Y. (2020). Business strategy and corporate social responsibility. Journal of Business Ethics, 162(2), 359–377.
This article provides a model for business responses to global challenges and sustainable development.
- Busaya Virakul, & Darlene F. Russ-Eft. (2019). A model for business responses to global challenges and sustainable development. Social Responsibility Journal, 16(2), 199–224.
This short video reviews the differences between stakeholders and shareholders.
Watch VideoStakeholders and Shareholders Compared
Duration: 2:12
User: tutor2u – Added: 4/23/19
Supplemental Resources:
Understanding your stakeholders is an important part of the strategic thinking process. This presentation offers a chance to refresh your knowledge in this area by helping to demonstrate who stakeholders are, why they are important, and how their interests must be served during the development and implementation of business strategies.
Publisher PowerPoint:
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