The Broad Spectrum Of Stakeholders And Their Impact On Your Business
Work Cited in Forbes Article
This new business paradigm comes at a time of increasing distress in corporate America. The nation’s biggest companies face frequent scrutiny over issues such as income inequality, recalled products and substandard working conditions. In an attempt to maximize revenue, too many have lost sight of their workers’ happiness, something essential to the smooth operation and profitability of a business. Fortunately, a great number of companies are taking part in this business revival.
Increasingly, companies seek certification as B Corporations, formalizing their positions as social enterprises that create value for non-shareholding stakeholders. B Lab, a nonprofit organization, started this certification process in 2007, and the number of firms receiving this status has grown to more than 3,000 across 71 countries. …Continue Reading