view that an organization has an obligation to those who can affect the achievement of its objectives is referred to as _________.

Question

Quizplus · Accepted Answer

The view that an organization has an obligation to those who can affect the achievement of its objectives is referred to as stakeholder responsibility. This means that organizations should not only focus on maximizing profits but also consider the impact of their actions on stakeholders such as employees, customers, suppliers, shareholders, and the wider community. Social responsibility, value consciousness, benefit marketing, and profit responsibility are related concepts but do not directly address the idea of an organization's obligation to its stakeholders.

View That an Organization Has an Obligation to Those Who