Law College

Genie's company is considering building an annex to its main factory. While deciding on the project, the board of directors discusses the impact the the annex would have on the local community, shareholders, company profits, and nearby landowners.

Answers

Answer 1

Hello. This question is incomplete. The full question is:

Determine which moral standard of social responsibility the business is observing. Genie's company is considering building an annex to its main factory. While deciding on the project, the board of directors discusses the impact the the annex would have on the local community, shareholders, company profits, and nearby landowners.

Answer:

Stakeholder Theory

Explanation:

Stakeholder theory refers to the ability that a project promoted by a company, institution or person, has to impact other systems and people around it, at the same time, which analyzes the impact it will take for itself. We can see an example of this in the question above, where the company Genie wants to build an attachment in its main plant, but is evaluating how that attachment will influence and impact all systems that are related to the company such as local community, shareholders, company profits and owners of nearby lands.

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