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- organizations, groups, and individuals that can affect or be affected by a firm's actions
- internal stakeholders -employees (executives, managers, & workers), stockholders and board members
- external stakeholders - customers, suppliers, alliance partners, creditors, unions, communities, governments at various levels, and the media

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philanthropic responsibilities-corporate citizenship

ethical responsibilities-do what is right, just, and fair

legal responsibilities-laws and regulations are society's codified ethics; define minimum acceptable standard

economic responsibilities- gain and sustain competitive advantage

In summary, the four part CSR definition forms a conceptual framework that includes the economic, legal, ethical, and philanthropic or discretionary expectations that society places on businesses at a given point in time.

What are the five steps to complete a stakeholder impact analysis?

Stakeholder Management: Stakeholder Analysis in Five Steps.
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Stakeholders are critical to the success of any project and should be included in every major assessment and decision. ... .
#1 Identify..
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Which of the following topics should be considered during the analysis phase of the AFI framework?

Which of the following topics should be considered during the strategy analysis phrase of the AFI framework? -External and internal challenges and strengths.

What is the overall purpose of strategic management?

Strategic management provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans. Ultimately, strategic management is for organisations to gain a competitive edge over their competitors.