If a company’s perspective focuses on the commitment to adhering to social responsibility by viewing its operational procedure as a “social contract”, the leaders of the company have then set a precedence of priority to be socially cognizant. Therefore, there is no compromising on the promise of its socially responsible acts and ethical procedures, and a company should not feel that it is at a crossroads between marketplace success and regulatory procedures.
Which stakeholders would be happy if an organization adhered to this school of thought? Which stakeholders would adversely react to this process?
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