engleski

Interconnection of stakeholder theory with the concept of corporate social responsibility (CSR)

This paper provides an overview of the stakeholder theory as a part of the business orientation that every business should aspire to. Stakeholders are a group of people who are interested in the business operations of a particular company and whose interests are affected by the realization or completion of the operations. The goal of every organisation, regardless of its core business, is to make a profit, however, in order to achieve this, it is necessary to satisfy all the interested parties that affect the bussiness operations or are affected by it. Stakeholder theory is about creating value and how to manage your business effectively. If the stakeholder theory is to solve the problem of value creation, it must show how the business can actually be described through the stakeholders relations. Organization management has evolved from a purely profit-oriented model to a model that focuses responsibility at all levels of management towards all stakeholders. The concept of the stakeholder theory has come into use to extend the notion of management responsibility, which is traditionally related to stakeholders.

Stakeholders ; Stakeholder analysis ; Stakeholder theory ; Corporate social responsibility

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