Morrisons Stakeholders

Independent Research Essay Assignment

Attributes of Excellence

Stakeholders

A stakeholder is anybody who is affected by the business; they could be internal or external, as well as being in contact with them very often or only on occasions.

Social Responsibility

This is the duty and obligation of a business to other stakeholders.

|Stakeholder |Example of responsibility to that stakeholder |
|Shareholder |Good return on investment |
|Employee |Fair pay and working conditions |
|Supplier |Regular business and prompt payment |
|Customer |Fair price and safe product |
|Local community |Jobs and minimum disruption |
|Government |Employment for local community |
|Environment |Less pollution |

Ethical Issues

The moral rights and wrongs of any decision a business makes are referred to as ethics. These are valued judgements which different individuals may attach a difference in importance and meaning. Ethical policies are adapted by businesses either because they believe in them or by providing ethical policies they believe they will improve their sales. Such ethical policies are the reduction of pollution by using non-fossil fuels, the disposal of waste safely and in an environmentally friendly manner, sponsoring local charity events, and trading

References: I used one source of information being the internet and only had to use two websites to obtain the information I needed to complete my essay. The Morrison’s information I needed was all from the Morrison Corporate Social Responsibility report 2009. http://tutor2u.net/business/gcse/organisation_stakeholders_ethics.htm http://www.morrisons.co.uk/Documents/Morrisons_CSR_2009.pdf