List the internal stakeholder(s) that is impacted positively or negatively, then describe the potential CSR impacts...

List the internal stakeholder(s) that is impacted positively or negatively, then describe the potential CSR impacts actions that support or mitigate.

Expert Solution

Answer:

Internal stakeholders include shareholders, teh board of directors and investors. These stakeholder are said to have a vested interest in the success of the company because of their financial investment. As such they usually have more influence than external stakeholder.

Engaging with internal staleholders is essentail because, internal stakeholders do the work and their satisfaction is often given greatest importance in judging the sucess of a strategy or project, stakeholder managers needs to make sure that they identify all internal stakeholders.

Financial stakeholders such as union and material supplier can use their influence and production to demand greater financial benefit. contractors can negatively affect the project through time and cost overruns.

Beside the potential loss of socially conscious consumers, CSR impacts a business ability to attract top talent and affects employees, job satisfaction levels and retention rates. THe next generation of workers currently entering the workforce seek out employers with a clear and effecive CSR streategy.

ekkarill92 answered 2 years ago

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