Hoffmann Enterprises (HE), a manufacturer of industrial goods, primarily focuses on meeting the demands of the market with quality products. It also undertakes environmental protection endeavors that promote the use of renewable sources of energy. HE illustrates the _____ approach to corporate management.

Question

Quizplus · Accepted Answer

The social contract approach to corporate management involves a company recognizing its responsibilities and obligations to both its shareholders and society as a whole. This approach often includes efforts towards environmental protection and promoting the use of renewable sources of energy, as seen in HE's practices.

Hoffmann Enterprises (HE), a Manufacturer of Industrial Goods, Primarily Focuses