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Ethics in Business Practices

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What is a stakeholder?

How does your business define stakeholder?

Identify your stakeholders and what makes them stakeholders in your business:
- The employee
- The supplier
- The customers
- The government
- The local community and society

How does your business communicate with its stakeholders?
- Discuss corporate social responsibility in your business.
- Discuss the social issues facing your company.

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Solution Summary

Ethics in Business is explained in a structured manner in this response. The answer includes references used.

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What is a stakeholder?
The stakeholder is any person who has an interest in a decision. Specifically, it is a person, group, organization, member or system that impacts or can be impacted by the firm's actions.

How does your business define stakeholder?
The business I work for makes molded plastic toys. It defines stakeholders as anyone that deals with it.

Identify your stakeholders and what makes them stakeholders in your business:

The employee
The employees directly deal with our business. They are affected by the organization's actions because they earn their livelihood and influence the organization because they run the operations of the business.

The supplier
The suppliers ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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