Case Study CEOs

Document Type:Article

Subject Area:Management

Document 1

Porter and M. Kramer helping CEO’s to address the trust deficit that had opened up between business and society in the post-2008 financial meltdown? Shared value thinking presents a new or higher form of capitalism necessary in addressing the issues of distrust between businesses and societies. To achieve this capitalism, shared value encourages business to maintain higher standards of corporate social responsibility by perceiving environmental and social issues as opportunities to innovate and grow (KRAMER and JUSTIN 2). For this reasons, the societies will trust the business since the businesses’ operations will not be contaminating the ecosystem or going against the social norms. Of the five steps of stakeholder prioritization, which step if missed is likely to have the most adverse effect on the firm’s ability to build effective stakeholder relationships? The first step (identify) is likely to have the most detrimental effect on the ability of the company to build effective stakeholder relationship if missed.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template

Downloadable