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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1319 |
Essay's paper body
(Allen, 2002.)
Some companies must create new strategic plans in order to address a legal, ethical, or corporate social responsibility (CSR.) Management theory on stakeholders proposes that large corporations have obligations beyond the traditional stockholder: "social contracts" with customers, suppliers, employees, trade associations, political groups, non-governmental organizations, governments, communities, among others...
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Multiplying law suits, discovery and release of millions of pages of internal company documents, increasing restrictions on public smoking, legislative investigations, and growing political pressures to regulate the industry; all had dire implications for investor confidence and share price. Philip Morris chose to present itself as an ethical business with its stakeholders being the principal focus for social responsibility...
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