marcoux thinks that stakeholder theory is not as bad as some forms of corporate responsibility theory. why? group of answer choices stakeholder theory suggests moral codes that are voluntary, not legally enforced. stakeholder theory still gives some importance to the interests of the larger community. stakeholder theory lets businesses consider the interests of employees and suppliers. stakeholder theory aims to improve capitalism without overthrowing it. stakeholder theory allows businesses to still pursue profit.

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natxclaire2406 natxclaire2406

22-11-2022
Business

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marcoux thinks that stakeholder theory is not as bad as some forms of corporate responsibility theory. why? group of answer choices stakeholder theory suggests moral codes that are voluntary, not legally enforced. stakeholder theory still gives some importance to the interests of the larger community. stakeholder theory lets businesses consider the interests of employees and suppliers. stakeholder theory aims to improve capitalism without overthrowing it. stakeholder theory allows businesses to still pursue profit.

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kumargaurav1012000 kumargaurav1012000 · Answer 1 · 2022-11-25T11:32:12+01:00

The reason Marcoux considered Stakeholder theory better than other forms of corporate responsibility theories is that it aims to improve capitalism without overthrowing it.

The foundation of the stakeholder theory is the idea that organizations can only be deemed successful if they provide value to the majority of their stakeholders. It complements CSR (Corporate Social Responsibility) and, by extension, sustainability. This indicates that value creation is not solely about money and that profit cannot be the only metric of a business's success.

There are financial benefits to applying stakeholder theory-

greater productivity through happier workers

increased customer referrals and retention

investment growth from content financiers

improved talent acquisition due to a favorable reputation in the neighborhood.

To know more about Corporate Social Responsibility click here,

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