Question
All businesses have stakeholders, people/entities who have a stake in having a successful business. Customers to whom the business provides products or services that they
All businesses have stakeholders, people/entities who have a stake in having a successful business. Customers to whom the business provides products or services that they need. Employees to whom the business provides a livelihood. Suppliers from whom the business buys products or services to be able to function. Government that the business provides with tax revenue. Environment, which the business has to be a good citizen in and the more money a business makes the more it can offer to keep the environment cleaner. Community, which benefits from taxes, upkeep of property and property values, and general membership in the community. Competition, because a well run business gives everyone in the industry a good reputation. Stockholders/owners to whom the business provides profits.
If/when you own your own business, what will be your social responsibility policy? Please write a 500 - 750 word social responsibility policy that you would include in your employee handbook. What responsibilities will the company take on to support some or all of the stakeholders? What will be the employee part? What is expected from suppliers, if anything? What is expected from the stockholders/owners if anything? Please make this policy as specific as possible.
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