Business Stakeholders + CSR

Question 1

List 3 examples of CSR

Answer 1

Recycling
Providing flexable hours for employees
Reducing carbon footprint

Question 2

Define stakeholder

Answer 2

Is a group or individual that has a vested interest in the operations of a business.
Eg-Employees

Question 3

List three types of stakeholders

Answer 3

Employees
Suppliers
Customers

Question 4

How can conflict arise between stakeholders

Answer 4

Conflict can occur as one stakeholder may want something, but this would effect another stakeholders operations.
Eg- Employees want highest pay
- Owners want highest profit
-If owner increases employees pay it decreases profit.

Question 5

Define Corporate social responisbility

Answer 5

managing a business in such a way that the broader welfare of the community is taken into consideration when making business decisions. This includes consideration of employees, customers, suppliers and the environment .

Question 6

Provide three examples of CSR

Answer 6

Recycling
Providing flexible working hours for staff
Reducing carbon footprint

Question 7

List three organisations that display CSR

Answer 7

NAB
Westpac
Telstra

Question 8

Explain how NAB shows CSR

Answer 8

• Provide flexible working

- Learning and developing programs for staff