You are to read through the first 11 pages of the document referenced below (and skim through the remainder, which is about 100 pages of annotated bibliography) and consider the concept of corporate social responsibility from the stakeholder perspective.
Please write a 3 - 4 page argumentative essay which argues for or against the following thesis statement:
The CEO of an organization must weigh the concerns and expectations of multiple stakeholders in order to make sound strategic choices.
Keep in mind that stakeholders can include stockholders, regulators, customers, suppliers, employees, environmental groups, the community, news media, and many other groups of individuals that have a stake in the success, operations, or impact of a given organization.
Here is the document:
D'Amato, A., Henderson, S., Florence, S., (2009). Corporate Social Responsibility and Sustainable Business: A Guide to Leadership Tasks and Functions. Center for Creative Leadership. Retrieved from: http://www.ccl.org/leadership/pdf/research/CorporateSocialResponsibility.pdf
THE CEO OF AN ORGANIZATION MUST WEIGH THE CONCERNS AND EXPECTATIONS OF MULTIPLE STAKEHOLDERS IN ORDER TO MAKE SOUND STRATEGIC CHOICES
When it comes to CSR practices, stakeholder concerns and expectations is in itself major concern for the company. Also keeping the stakeholders engage in such situation is another engagement can seem about as cutting edge as bread and butter. True, some companies like Starbucks, which is crowd sourcing new product ideas through its "My Starbucks Idea" social media platform, are showing leadership in identifying and holding discussions with diverse stakeholder groups. But just as many companies are struggling to build the basics of engagement in this concern and appropriately respond to increasing pressure.
IDENTIFY THE STKEHOLDERS
The first step is to know the stakeholders who the company has to take care of. Brainstorm a list of stakeholders without screening, including everyone who has an interest in your objectives today and who may have one tomorrow. Where possible, identify individuals. Use the following list to help you brainstorm:
• Owners (e.g., investors, shareholders, agents, analysts, and ratings agencies)
• Customers (e.g., direct customers, indirect customers, and advocates)
• Employees (e.g., current employees, potential employees, retirees, representatives, and dependents)
• Industry (e.g., suppliers, competitors, industry associations, industry opinion leaders, and media)
• Community (e.g., residents near company facilities, chambers of commerce, resident associations, schools, community organizations, and special interest groups)
• Environment (e.g., nature, nonhuman species, future generations, scientists, ecologists, spiritual communities, advocates, and NGOs)
• Government (e.g., public authorities, and local policymakers; regulators; and opinion leaders)
• Civil society organizations (e.g., NGOs, faith-based organizations, and labor ...
Solution discusses the concerns and expectations of multiple stakeholders