Customers, suppliers and the local community are all affected by your business - essay
One of Walmart's most damaging impacts is lower wages in the local economies in which the company operates. “Walmart could say they are helping people 'live better,' says David West, executive director of Puget. Tesco's key stakeholders include shareholders, customers, employees, suppliers and the local community. These stakeholders all have an interest in the success of the company and are affected by its decisions and actions. External stakeholders for Oxfam are individuals, organizations and governments outside the, Identifying and managing stakeholders, the best way to identify all stakeholders of a company is to participate to some brainstorming sessions, to determine who has a stake in the company performing well. Start seeking feedback from employees, customers, and executive leaders to discover hidden stakeholders and gain insight into their communities. Communities are more likely to thrive when local businesses do well. This is because they provide jobs, generate tax revenue and support other local businesses. When local businesses succeed, everyone in the community benefits. That is why it is important to support them. When Communities Thrive, Local Businesses, Introduction. Corporate Social Responsibility CSR is defined as the voluntary activities that a company undertakes to operate in an economically, socially and environmentally sustainable manner. The Government of Canada understands that responsible business conduct by Canadian companies operating internationally is not possible,