Core Characteristics of the Corporate Social Responsibility at Hennes and Mauritz Free Essay Example, 3250 words

The key stakeholders that H M is responsible for our customer, employees, suppliers, shareholders, the local communities, and the government. These stakeholders are crucial for the success of the company. For instance, customers provide the revenues, employees provide the production skills and shareholders provide the capital. All the stakeholders are important but there are some, which are more important than others. H M could use the salient model to prioritize its stakeholders as follows: legitimacy, power, and urgency. Legitimacy is concerned with whether; H M s activities conform to the relevant social norms. It also takes into account fund providers, the controller of the required assets for the project and who is influenced by the project. Financiers should fall under legitimacy since they provide funds. Customers and society also fall under the category since they are influenced by the project. Power is concerned with the stakeholders who impose their will on others. The financiers and shareholders fall under the category since they demand that managers meet their interests. Last, urgency is concerned with the importance and the urgency of stakeholder s demands. We will write a custom essay sample on Core Characteristics of the Corporate Social Responsibility at Hennes and Mauritz or any topic specifically for you Only $17.96 $11.86/page On that note, H M has made steps to improve the welfare of its employees, customer, shareholders, and society.