Chapter

2.4. Responsibilities to Stakeholders*

From IntroductionToBusiness OP 8D04gAa

Concepts

1. What does it mean for a business to behave legally and responsibly?

   "The vast majority of business activities fall into the category of behavior that is both legal and responsible. Most companies act legally, and most try to be socially responsible. Research shows tha

2. How should businesses fulfill their responsibilities to employees and customers?

   "An organization’s first responsibility is to provide a job to employees. Keeping people employed and letting them have time to enjoy the fruits of their labor is the finest thing business can do for

3. How can businesses demonstrate responsibility to society and the environment?

   "A business must also be responsible to society. A business provides a community with jobs, goods, and services. It also pays taxes that go to support schools, hospitals, and better roads. Some compan

4. How do transparency and philanthropy support socially responsible business?

   "Duncan Berry has always been an environmentalist at heart. Brought up on the Oregon coast, he was a sea captain at an early age, spending nearly two decades on the ocean before going on to become a s