Social Responsibility of Business to Stakeholders

Social Responsibility of Business to Stakeholders

1. Investors

   • Provide Capital
   • Deserve accurate financial information
     • Entitled to dividends
   • Make informed decisions

2. Employees

   • Make the business tick
   • Fair wage for their work
   • Safe work environment
     • Example: ESB 2006

3. Suppliers

   • Provide goods + materials
   • Paid on time and fully
     • Fair price
   • The Body Shop

4. Customers

   • Buy goods + services
   • Deserve quality
     • Fair prices
       • Fair treatment

5. Government

   • Offer grants
     • Improve infrastructure
       • Maintain low taxes
   • Obey laws
     • Pay taxes in full and on time

6. Local Communities

   • Protect local environment
     • Buy local
       • Hire local
         • Examples
           • IKEA
           • Lidl