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Corporate Governance Stakeholder Ethics Model Essay (Article)


The stakeholder model

This article gives a reflection on the stakeholder’s model which is an approach which is used by the management teams to transfer ethics to management practice and strategy. The article provides the reader with the definitions of stakeholders who in this case refers to individuals who maintain a stake in any organization in a manner that can be described as a shareholder (Donaldson, 1995). Essentially, stakeholders have got a series of multilateral influences with the firms which they are part of. Thus, this article enables one to be in a position of appreciating and understanding the roles which are being played.

Strengths of the article

This article enables any reader to understand the dynamics which are involved in the running of organizations. The article is based on certain principles that work and which can apply within any organization regardless of the location as well as the structure.

Weaknesses of the article

Even though this article has got beneficial aspects, it is worth noting that it has also got some flaws. For instance, some aspects cannot just be explained theoretically as purported in the article. The approach that this article takes offers a reflection of the definition of limits.

Conclusion

In conclusion, this article offers studies that have been carried out in the past and how one can utilize them effectively. Furthermore, this article enables a reader to note some of the specific aspects within an organization which can be addressed and which can form the basis for ethical management. Despite this, the article brings to the fore some of the flaws which may be associated with the model.

Strategic corporate social responsibility

This article brings to the fore some of the aspects which need to be addressed and evaluated especially about corporate social responsibility. It gives a reflection of the corporate social responsibility strategy and the issues which are associated with corporate social responsibility (Garvare & Johansson, 2010). The articles highlight the role that corporate social responsibility plays within a business operating environment. Furthermore, the article presents some of the approaches which are used in corporate social responsibility.

Strengths of the article

This article enables one to appreciate the role which is played by the corporate social responsibility approaches. Furthermore, it addresses some of the approaches which need to be put in place about this subject.

Weaknesses

The major weakness of this article is that it does not present to the reader the main challenges and solutions that are associated with corporate social responsibility.

Conclusion

In conclusion, this article is relevant to the daily ongoings within businesses and organizations. It enhances the importance of giving value to addressing the challenges which are faced by the society.

Management for sustainability

This article gives a reflection of some of the challenges which are being faced in the management circles, especially so about the volatile business operating environments (Subhabrata, 2007; Yves, 2009). It also highlights some of the advantages which are associated with this general model. It is worth noting that this model is quite useful since it offers one with some of the approaches and benefits of ensuring that an organization can enjoy global stability in all the available approaches.

The main weakness of this article is that it does not offer immediate solutions to some of the flaws which exist in the management circles. However, it is an important tool that provides a general positive framework that will ensure that an organization can function within the scope of its vision and mission.

References

Donaldson, L. (1995). American Anti-Management Theories of Organization:A Critique of Paradigm Proliferation. Cambridge : Cambridge University Press.

Garvare, R., & Johansson, P. (2010). Management for sustainability – A stakeholder theory. Total Quality Management , 21 (7), 737–744.

Subhabrata, B. B. (2007). Corporate Social Responsibility:The Good, the Bad and the Ugly. Massachusetts: Edward Elgar Publishing.

Yves, F. (2009). The Stakeholder Model Refined. Journal of Business Ethics (84), 113-135.

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IvyPanda. (2020, August 29). Corporate Governance Stakeholder Ethics Model. Retrieved from https://ivypanda.com/essays/corporate-governance-stakeholder-ethics-model/

Work Cited

"Corporate Governance Stakeholder Ethics Model." IvyPanda, 29 Aug. 2020, ivypanda.com/essays/corporate-governance-stakeholder-ethics-model/.

1. IvyPanda. "Corporate Governance Stakeholder Ethics Model." August 29, 2020. https://ivypanda.com/essays/corporate-governance-stakeholder-ethics-model/.


Bibliography


IvyPanda. "Corporate Governance Stakeholder Ethics Model." August 29, 2020. https://ivypanda.com/essays/corporate-governance-stakeholder-ethics-model/.

References

IvyPanda. 2020. "Corporate Governance Stakeholder Ethics Model." August 29, 2020. https://ivypanda.com/essays/corporate-governance-stakeholder-ethics-model/.

References

IvyPanda. (2020) 'Corporate Governance Stakeholder Ethics Model'. 29 August.

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