An organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact refers to its Corporate social responsibility.
What is Corporate social responsibility?
Corporate social responsibility can be defined as the way in organization tend to encourage stakeholders or employee positive impact and discourage negative impact as negative impact can have effect on the organization aims and objectives.
Corporate social responsibility is important as it help companies to have an impact in the society and as well help them to operate their business in an ethical way.
Therefore an organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact refers to its Corporate social responsibility.
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