responsibility to internal stakeholders:
consist of: shareholders, managers, employees etc
managers have a responsibility to shareholders that they would operate the business in such a way that their wealth is maximised. this is because they provide the capital that allows the business to conduct its operations
managers have responsibilities to employees and other managers which include:
-ensuring that they are fairly and reasonably rewarded
-ensuring that they have: equal employment opportunities, challenging work, a part in the decision-making that affects their work, training, safe working environment
responsibility to external shareholders:
consist of : customers, cilents suppliers, government etc ..
responsibility include: complying with the law, adopting ecologically sustainable practices, being socially just and developing codes of ethics
which textbook are you using by the way? because most of it is in there.
