The management staff at Doc's Motorcycles believes the company has a social responsibility to its community. They believe that the company can have the greatest impact in this area through cash contributions to local nonprofit organizations. This is an example of ____________.

2 answers
Question:

The management staff at Doc's Motorcycles believes the company has a social responsibility to its community. They believe that the company can have the greatest impact in this area through cash contributions to local nonprofit organizations.
This is an example of ____________.

Answers

Answer:This is an example of management responsibility to broader stakeholders.Explanation:Generally management responds only to shareholders, the company's owners. They are mainly concern about profits. By shown social responsibility, the management staff at Docs's Motorcycles are showing they look after beyond shareholder interests, and that is known as responsibility toward stakeholders

Answer:Corporate philanthropyExplanation:This way of thinking is characteristic of corporate philanthropy. Corporate philanthropy occurs when a corporation or a business promotes the welfare of others through donations. This is the behaviour that the management staff at Doc's Motorcycles engages in, as they believe that they can make a good impact by financially contributing to local nonprofit organizations. This behaviour can benefit a business in several ways. It increases employee engagement and generates business value. It can also improve the reputation of a business.

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