Balance Of Social Responsibility With Goal Of Maximizing Shareholder Wealth

The current business environment is characterized by a prodigious level of competitive rivalry and therefore businesses put up to continuously reengineer their internal business processes in to build and book a competitive advantage . Business process reengineering enables an governing body to align its plaza competencies to the outside(a) environment . This alignment is the critical triumph factor in any organization because organizational nucleus competencies will not be effective unless they are fix to the immaterial environment . The most important stakeholder conclave in the external environment consists of the customers and therefore the organizational core competencies drive home to be aligned in such a committee that they maximize the level of customer satisfaction . It is in this commend of that the issue o f corporate social responsibility becomes relevant . This is specially relevant in the case of Johnson and Johnson .

Johnson Johnson is the market leader in health care products and the management is maximizing shareholder wealthiness through conducting programs in the areas of corporate social responsibilityJohnson Johnson is a full-size multinational corporation and therefore its operations are pocket globally . In different countries of the world the company sporadically launches programs aimed at raising awareness in health refer issues . By conducting these programs , the company builds positive relations with the local org anisation . As mentioned before customers co! mprise the most important stakeholder sort for any organization . The second most important external stakeholder is the government . The importance of the government as a stakeholder goes up in the case of international business . This is because the management...If you want to assume a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay