Stakeholder

We ran Walmart’s CSR through the following seven ethical test; Friedman Theory, Utilitarian Theory, Stakeholder Theory, Ethical Egoism, Categorical Imperative, Entine and Jennings and Conscious Capitalism. The Milton Freidman theory is that a business has only one social responsibility, and that was to increase profits without breaking laws or being deceptive. Walmart 's Global Report appears to be beneficial to society as a whole by proclaiming dedication to sustainability, community, employees…

universality can bring about a more sustainable future for all. The process of formulating the SDGs drew upon the views of multiple stakeholders across different sectors and countries. As such, it was consistent with the inclusiveness, integration and universality principles that underpin the SDGs. But the implementation of the goals will require engagement of all stakeholders, not just who participated actively in their formulation. Rather implementation will necessitate bringing in cities,…

2.2 Concepts Synonymous to CSR 2.2.1 Corporate Citizenship (CP) Corporate citizenship a concept which is often used interchangeably with CSR. Irrespective of the way and manner in which concept is being defined it seems to have more or less overlap with the concept of CSR. Carroll (2008) stated in his work that corporate citizenship may be broadly or narrowly conceived in CSR. According to Carroll (2001), the philanthropic responsibility he mentioned in his hierarchical framework refers…

A famous method is that which takes the forthright contribution to maximizing the shareholder’s value as the utmost principle to assess definite corporate social activity. Any investment in social demands that would generate shareholders’ value augmentation should be made, acting without dishonesty and fraud. In contrast, if the social demands only carry out a cost on the company they should be rejected. Friedman (1970) is clear while giving an example about investment in the local community:…

relationship, principal delegate duties of running the firm businesses to the agents and to work in the best interest of the owners Jensen and Mecking (1976, p.308). Where is the source of this conflict originating? Agency conflict arises among the firm stakeholders (managers and shareholders) due to various incentives. Firm owners wanted the managers to work on their behalf by maximizing wealth. However, managers have opportunistic behaviours which enable them to take irrational decisions…

Traditionally the business objectives are aimed at maximizing profits in a sustainable environment while putting the stakeholder’s value in the business as a priority. However, due to the change in the stakeholder’s theory, the business objectives have been changed to putting the stakeholder’s value first in order to maximize the business profits. This is done through improvement of the business ethics. This emphasizes that the business is responsible to the society in which it is operating.…

In this module, I found the most important concept to be Interest Based Negotiations. I identified this concept to the most important because it focuses on the root cause of conflict verses what this at stake for the individuals involved. According to the Noncommissioned Officer Academy Distance Learning Course 15, Interest Based Negotiation is the practice of focusing on the interests, and not the positions of the two negotiating parties. Furthermore understanding the impact of utilizing…

a) The stakeholder theory is a strategy that takes stakeholders into consideration when making decisions to achieve higher business performance. Stakeholders are people who affect and are affected by a business’ performance. Other than shareholders or owners, customers, government, employees, and suppliers are some examples of stakeholders. The theory provides an alternative to the shareholder theory, which states that companies must focus only on maximizing the market value of the equity of its…

1.Stakeholder analysis:- The stakeholder analysis system that is valuable in a setting few. A vital part of the process set Come, as it helps to center the light and give them confidence, interest, and decisions, and how. It will underpin synergistic manner to measure work…

Description Agency Theory Agency theory is a form of corporate governance where the role of the board of directors is to act as an independent intermediary between two entities. The board of directors is basically the governing body that facilitates the interaction between the principles and the agents. The principles or shareholders, are the entities which bring the resources to the firm from investments. The agents on the other hand are the people who utilize the resources of the principles…