question archive The size of businesses has increased steadily, assisted in part by the limited liability company

The size of businesses has increased steadily, assisted in part by the limited liability company

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The size of businesses has increased steadily, assisted in part by the limited liability company. As a result, businesses are now so large they have gained a tremendous amount of power in the world. They have enormous economic power, employ huge number of workers, use up huge amounts of natural resources and can even influence political and legislative processes

Given the huge power some businesses wield, discuss the corresponding responsibility businesses should have in the modern global society?

in your answer discuss the concepts of

  1. corporate social responsibility
  2. the shareholders approach
  3. Stakeholder approach
  4. triple bottom line financial reporting

 

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