Business Management Dynamics

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ISSN: 2047-7031

bmd Business and Management Dynamics bmd
ISSN: 2047-7031  
Volume  4   Issue 5  2014  
Article Abstract
A Stakeholder Approach to Social Responsibility
Keywords:  CSR, Control, Relationship, Stakeholder
Fazluz Zaman , Nehal Mahtab, Phd and Munshi Samaduzzaman
Corporate Social Responsibility (CSR) is based on the fundamental principle of recognizing and addressing any company's responsibilities to its stakeholders. Stakeholders include investors, customers, employees, business partners, local communities, the environment and society. CSR and a stakeholder approach are very important concepts when examining the role of a business in society, but their relationship has been studied and debated for decades. The concept of CSR (and its implications for society) is still evolving and a matter of debate. This article provides an overview of the existing stakeholder approach to social responsibility: it examines the challenges and implications of the stakeholder approach in relation to CSR research.
08-11   |  View PDF