Business and its Stakeholders

Who are the various stakeholders that shape any business? Briefly explain the four aspects of stakeholder analysis.

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Who are the various stakeholders that shape any business Briefly explain the four aspects of stakeholder analysis.

Stakeholders are people or groups who are connected to a business and can influence or be affected by its actions. They are essential for the success of any business. Stakeholders can be divided into three types: internal stakeholders, external stakeholders, and strategic stakeholders. Internal stakeholders are people who work within the business, like employees, managers, … Read more

“Modern CSR Paradigm is all about creating a win-win situation between business and society.” Elucidate.

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“Modern CSR Paradigm is all about creating a win-win situation between business and society.” Elucidate.

Corporate Social Responsibility (CSR) is when businesses take responsibility for how their actions impact society and the environment. The modern CSR approach focuses on mutual benefits for businesses and the community, creating a win-win situation. Modern CSR Paradigm: Creating a Win-Win Situation A win-win situation in business is a mutually beneficial outcome of a negotiation. In a … Read more

Business and Society Chapter-Wise All Boards Questions with Answers

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Business and Society Chapter-Wise Boards Questions with Answers

Explore our collection of chapter-wise board questions and answers on the Business and Society. This resource covers key topics such as Business and society relationship, fundamentals of CSR, Business Ethics, Corporate Governance providing valuable insights for students. It is designed to help students to familiarize students with the various concepts and components of business and … Read more

How will you analyze the stakeholders if you are formulating new policies for your business?

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How will you analyze the stakeholders if you are formulating new policies for your business?

Analyzing Stakeholders while formulating new policies for Business When creating new policies for your business, it’s important to carefully analyze how different stakeholders might be affected. 1. Identify the Stakeholders Make a list of everyone who might be affected by the new policy. This includes employees, customers, suppliers, investors, the community, and the government. 2. … Read more

BUSINESS AND ITS STAKEHOLDERS BOARD QUESTIONS WITH ANSWER

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BUSINESS AND ITS STAKEHOLDERS BOARD QUESTIONS WITH ANSWER

BUSINESS AND ITS STAKEHOLDERS BOARD QUESTIONS WITH ANSWER VERY SHORT ANSWER QUESTIONS [ 2 MARKS] 1.2023 Fall Q. No. 3:What do you mean by stakeholder coalitions? Answer: Stakeholder coalitions are groups of people or organizations that join together because they have the same goals or interests, and they work together to influence a company. 2. … Read more

Business and its Stakeholders

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Business and its Stakeholders

Introduction to Stakeholder Every organization has groups or individuals that are impacted by or have an influence on its actions. These are known as stakeholders. Stakeholders are key to a company’s success because their interests, actions, and decisions can directly affect the business. Managing these relationships is essential for companies aiming to be ethical, responsible, … Read more