The _____ to corporate management refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Question

Quizplus · Accepted Answer

The social contract approach to corporate management holds that corporations have an obligation to society that goes beyond the interests of their shareholders. This means that they should consider the impact of their actions on stakeholders such as customers, employees, communities, and the environment, and take steps to minimize any negative effects. This perspective is based on the idea that corporations benefit from being part of society and therefore have a responsibility to contribute to its well-being.

The _____ to Corporate Management Refers to the Perspective That