summarize R. E. Freeman's article "Managing for Stakeholders"
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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summarize R. E. Freeman's article "Managing for Stakeholders"
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Corporate social responsibility: Society provides the resources and working environment to an organization to survive and earn profit. Therefore, it is the duty or responsibility of the organization to give it back to society, employees, shareholders, customers, suppliers, investors, and government, etc.
Employees’ interests should be empathetic and genuine to the company. Balancing exercise is important in the interactive processes with the employees. It can be done by listening to their requirements and concerns and required to provide various substitutes keeping other stakeholders' interests and the company’s objective in mind.
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