Steve Templeton, the CEO of Rolland Motor Company, is contemplating the shutdown of a plant in Kantron. The plant has been unprofitable for some time now, and there is increasing pressure from shareholders to shut it down so as to balance the loss being incurred by the shareholders. But closing the plant would be a blow to the employees as they will lose their jobs, and the local suppliers will lose a major buyer. There is also fear that the sudden closing of the plant will have an adverse effect on the community of Kantron, as the plant is one of the main sources of employment for the locals. Steve Templeton considered all these factors before making a decision on the fate of the plant.
- If Steve Templeton decides not to close the plant in Kantron, what business social responsibility will Steve Templeton be achieving?

Question

Quizplus · Accepted Answer

By deciding not to close the plant, Steve Templeton would be prioritizing the interests of stakeholders, such as employees, local suppliers, and the community, over maximizing profits.

Steve Templeton, the CEO of Rolland Motor Company, Is Contemplating