Balance Of Social Responsibility With Goal Of Maximizing Shareholder Wealth

The current business environment is characterized by a portentous level of competitive rivalry and therefore businesses put up to continuously reengineer their internal business processes in to build and uphold a competitive advantage . Business process reengineering enables an plaque to align its plaza competencies to the outside(a) environment . This alignment is the critical success factor in any organization because organizational essence competencies will not be effective unless they are limit to the outer environment . The most important stakeholder conclave in the external environment consists of the customers and therefore the organizational core competencies set out to be aligned in such a focus that they maximize the level of customer satisfaction . It is in this infer of that the issue of corporate socia l 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-sized multinational corporation and therefore its operations are wipe out globally . In different countries of the world the company sporadically launches programs aimed at raising awareness in health touch issues . By conducting these programs , the company builds positive relations with the loc al organisation . As mentioned before cust! omers 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 bollix a full essay, order it on our website: BestEssayCheap.com

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