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The Strategic Stakeholder model of Corporate Social responsibility treats the interests of all stakeholders as equally...

The Strategic Stakeholder model of Corporate Social responsibility treats the interests of all stakeholders as equally important.

Select one: True False

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Answer #1

Answer : TRUE

As per the Strategic Stakeholder model, the essence of business lies in building relationships and creating value for the stakeholders.

The composition of stakeholders will be different for different companies, industry and business model. The common stakeholders of a company are shareholders, employees, customers, general public, suppliers, creditors etc. According to Strategic Stakeholder model, all these stakeholders are equally important for the company and trade-off among these stakeholders are not recommended.

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