Balance Of Social Responsibility With Goal Of Maximizing Shareholder Wealth

The current business environment is characterized by a surpassing level of competitive rivalry and therefore businesses put up to continuously reengineer their internal business processes in to build and confirm a competitive advantage . Business process reengineering enables an formation to align its plaza competencies to the outside(a) environment . This alignment is the critical mastery factor in any organization because organizational amount of money competencies will not be effective unless they are lay out to the remote environment . The most important stakeholder conclave in the external environment consists of the customers and therefore the organizational core competencies stimulate to be aligned in such a concern that they maximize the level of customer satisfaction . It is in this call back of that the i ssue of corporate social responsibility becomes relevant . This is particularly relevant in the case of Johnson and Johnson . Johnson Johnson is the market leader in health care products and the management is maximizing shareholder riches through conducting programs in the areas of corporate social responsibilityJohnson Johnson is a life-size multinational corporation and therefore its operations are fall behind globally . In different countries of the world the company sporadically launches programs aimed at raising awareness in health link issues . By conducting these programs , the company builds positive relations with the local political science . As mentioned before customers comprise the most important stakeholder collection for any organization . The second most important external stakeholder is the government . The importance of the government as a stakeholder goes up in the case of international business . This is because the management...If you want to guide a full essay, order it on our website: BestEssayCheap.com

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