Caleb

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This move to defining CSR in terms of stakeholders allowed it to become more concrete.46 It became possible to define which stakeholders the organization felt it owed a responsibility to—typically shareholders, employees, customers, suppliers, and the local community, although recognizing that other stakeholders, such as government, the media, non-governmental organizations, competitors, and perhaps also the ecological environment, could also have an impact and needed to be taken into account in decision making.
Virtue at Work: Ethics for Individuals, Managers, and Organizations
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