Topic 7 - Stakeholders Management & CSR

Question 0

Types of company stakeholders (6)

Answer 0

Stockholders. Managers. Customers. Community/society/Nation-State. Suppliers & distributors. Employees.

Question 1

CSR

Answer 1

Corporate Social Responsibility

Question 2

Def of CSR

Answer 2

The way company’s mangers and employees view their duty and obligation to make decisions that protect the welfare and well-being of stakeholders and society as a whole.

Question 3

Four approaches to social responsibility (from high to low)

Answer 3

1. Proactive approach
2. Accommodative approach
3. Defensive approach
4. Obstructionist approach