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Managing for Responsibility by Kemi Ogunyemi, Merrill Csuri, Radha R. Sharma

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CHAPTER 11

HR Policy for Responsibility

Arjya Chakravarty

All across the globe today, businesses are overstretched to meet profits, as well as manage responsibly. There is heightened awareness in organizations to mindfully advance relationships with all stakeholders, inclusive of our planet Earth. Organizations have to balance the myriad demands of various stakeholder groups such as primary stakeholders (owners, employees, customers, and suppliers); secondary stakeholders (nongovernmental organizations [NGOs], activists, communities, and governments); social needs; and institutional forces (Freeman and McVea 2001; Harrison and Freeman 1999; Von Kimakowitz et al. 2011; Waddock, Bodwell, and Graves 2002). Innovative business practices and management ...

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