Different approaches of CSR
The stockholder view is much narrower, and only views the stockholders (i.e., owners) of a firm. The stockholder view of the organization would tend to be aligned closer to the economic responsibility view of social responsibility. The stakeholder view of the organization argues that anyone who is affected by or can affect the activities of a firm has a legitimate “stake” in the firm. This could include a broad range of population. The stakeholder view can easily include actions that might be labeled public responsibility and social responsiveness.
Stakeholders: All those who are affected by or can affect the activities of an organization.
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