Question
Stakeholder Theory of CSR
Answer :
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The Stakeholder Theory of Corporate Social Responsibility (CSR) emphasizes that a corporation’s responsibilities extend beyond its shareholders to include all stakeholders who are affected by its operations. Stakeholders are broadly defined as individuals, groups, or organizations that can influence or are influenced by the company’s activities. This includes employees, customers, suppliers, local communities, government agencies, and even the environment. Unlike the traditional shareholder-centric view, which prioritizes profit maximization for owners, the stakeholder approach argues that long-term business
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