What should companies that want to develop socially responsible objectives do?

Question

Quizplus · Accepted Answer

Companies that want to develop socially responsible objectives should identify their key stakeholders and consider their priorities. This is because socially responsible objectives should fulfill the needs and expectations of these stakeholders, which can include customers, employees, communities, and the environment. Simply imitating other firms, focusing solely on investor needs, or scanning the competitive environment may not result in socially responsible objectives that actually benefit all stakeholders involved.

What Should Companies That Want to Develop Socially Responsible Objectives