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WGU C206 Task 2 |Latest Update with Complete Solution
Policy and Program Development
Heather Martin
WGU
Policy..and..Program..Development
Corporate..Social..Responsibility
Corporate..social..responsibility..is..important..in..an..organization...It..is..a..concept..that..sho
ws..how..a..company..contributes..to..the..well-
being..of..society..through..both..environmental..and..social..measures...“In..today’s..highly..intercon
nected,..global..and..transparent..world,..corporations..are..finding..that..social..responsibility..is..esse
ntial..to..fundamental..business..strategy.”..(Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.326)...It..s
eems..that..there..are..several..reasons..for..corporate..social..responsibility..in..an..organization...A..pr
agmatic..reason..which..is..based..on..the..acknowledgement..that..businesses..use..it..power..responsi
bly..in..society...(Trevino,..L...K.,..&..Nelson,..K...A...(2017).
p.328)..An..ethical..reason..which..says..that..they..have..a..responsibility..to..behave..ethically..and..do..t
he..right..thing...(Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.328)..A..business..is..dependent..on..s
ociety..and..this..is..shown..in..the..strategic..reason..for..caring..about..corporate..social..responsibility
.. . (Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.330)..This..can..play..an..important..role..in..how..th
e..company..is..perceived..by..the..potential..customers..and..attract..investors..and..employees.
Primary..and..Secondary..Stakeholder
Stakeholders..are..important..part..of..businesses..today...This..has..developed..over..the..centu
, 2
ries..and..is..now..more..common..than..businesses..run..by..one..individual...“Modern..corporations..ha
ve..multiple..stakeholders..with..myriad..and..often..conflicting..interests..and..expectations”..(Trevin
o,..L...K.,..&..Nelson,..K...A...(2017).. . p.363)...Stakeholders..are..groups..or..individuals..that..have..s
ome..interest..in..the..company..or..may..be..affected..by..the..organization...There..are..two..groups..tha
t..stakeholders..can..be..divided..into...Primary..and..secondary...Primary..stakeholders..are..individual
s..or..groups..that..the..company..has..formal,..contractual..relationships..with...(Trevino,..L.
K.,..&..Nelson,..K...A...(2017).. . p.363)..Secondary..stakeholders..are..other..groups..or..individuals..t
hat..the..company..doesn’t..have..these..formal..contractual..relationships..with..but..still..has..obligatio
ns..to...(Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.363)..Having..both..groups..can..be..difficult..b
ut..it..is..the..organizations..responsibility..to..satisfy..both.
Paradigm..Toys..has..both..groups..of..stakeholders...The..primary..stakeholder..that..may..infl
uence..them..may..be..the..employees...This..is..because..they..affect..the..company..directly...They..ha
ve..to..be..on..board..with..the..ethical..choices..by..the..company..that..they..represent..and..have..a..cont
ract..agreement..to..be..employed..by..them...The..secondary..stakeholder..that..may..influence..them..m
ay..be..the..government...This..is..because..the..government..regulates..the..manufacturing..of..children
’s..toys...It..would..make..sense..that..in..order..to..regulate..that..they..would..be..a..stakeholder..in..that..
type..of..company..so..that..they..can..influence..and..benefit..from..the..CSR.
Paradigm..Toys-..CSR..and..Stakeholders.
Paradigm..Toys..can..meet..their..corporate..social..responsibilities..with..the..stakeholders..m
entioned..above..in..several..ways...One..would..be..to..be..open..with..the..visions..and..values..of..the..c
ompany..and..to..share..these..with..them..consistently...Not..only..through..communication..but..as..a..
mission..statement..that..they..may..place..on..the..wall,..website,..and..communications..with..the..cust
omers..and..other..groups...Another..one..would..be..to..explain..to..these..stakeholders..and..all..other..s
takeholders..the..objectives..of..the..responsibility,..the..impact..it..has,..and..why..it..is..important..to..th
e..company...Another..would..be..to..ensure..safe..work..environments..for..the..employees...They..can..
also..follow..the..regulations..of..the..governing..bodies..ensuring..that..they..value..the..stakeholder’s..i
WGU C206 Task 2 |Latest Update with Complete Solution
Policy and Program Development
Heather Martin
WGU
Policy..and..Program..Development
Corporate..Social..Responsibility
Corporate..social..responsibility..is..important..in..an..organization...It..is..a..concept..that..sho
ws..how..a..company..contributes..to..the..well-
being..of..society..through..both..environmental..and..social..measures...“In..today’s..highly..intercon
nected,..global..and..transparent..world,..corporations..are..finding..that..social..responsibility..is..esse
ntial..to..fundamental..business..strategy.”..(Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.326)...It..s
eems..that..there..are..several..reasons..for..corporate..social..responsibility..in..an..organization...A..pr
agmatic..reason..which..is..based..on..the..acknowledgement..that..businesses..use..it..power..responsi
bly..in..society...(Trevino,..L...K.,..&..Nelson,..K...A...(2017).
p.328)..An..ethical..reason..which..says..that..they..have..a..responsibility..to..behave..ethically..and..do..t
he..right..thing...(Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.328)..A..business..is..dependent..on..s
ociety..and..this..is..shown..in..the..strategic..reason..for..caring..about..corporate..social..responsibility
.. . (Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.330)..This..can..play..an..important..role..in..how..th
e..company..is..perceived..by..the..potential..customers..and..attract..investors..and..employees.
Primary..and..Secondary..Stakeholder
Stakeholders..are..important..part..of..businesses..today...This..has..developed..over..the..centu
, 2
ries..and..is..now..more..common..than..businesses..run..by..one..individual...“Modern..corporations..ha
ve..multiple..stakeholders..with..myriad..and..often..conflicting..interests..and..expectations”..(Trevin
o,..L...K.,..&..Nelson,..K...A...(2017).. . p.363)...Stakeholders..are..groups..or..individuals..that..have..s
ome..interest..in..the..company..or..may..be..affected..by..the..organization...There..are..two..groups..tha
t..stakeholders..can..be..divided..into...Primary..and..secondary...Primary..stakeholders..are..individual
s..or..groups..that..the..company..has..formal,..contractual..relationships..with...(Trevino,..L.
K.,..&..Nelson,..K...A...(2017).. . p.363)..Secondary..stakeholders..are..other..groups..or..individuals..t
hat..the..company..doesn’t..have..these..formal..contractual..relationships..with..but..still..has..obligatio
ns..to...(Trevino,..L...K.,..&..Nelson,..K...A...(2017).. . p.363)..Having..both..groups..can..be..difficult..b
ut..it..is..the..organizations..responsibility..to..satisfy..both.
Paradigm..Toys..has..both..groups..of..stakeholders...The..primary..stakeholder..that..may..infl
uence..them..may..be..the..employees...This..is..because..they..affect..the..company..directly...They..ha
ve..to..be..on..board..with..the..ethical..choices..by..the..company..that..they..represent..and..have..a..cont
ract..agreement..to..be..employed..by..them...The..secondary..stakeholder..that..may..influence..them..m
ay..be..the..government...This..is..because..the..government..regulates..the..manufacturing..of..children
’s..toys...It..would..make..sense..that..in..order..to..regulate..that..they..would..be..a..stakeholder..in..that..
type..of..company..so..that..they..can..influence..and..benefit..from..the..CSR.
Paradigm..Toys-..CSR..and..Stakeholders.
Paradigm..Toys..can..meet..their..corporate..social..responsibilities..with..the..stakeholders..m
entioned..above..in..several..ways...One..would..be..to..be..open..with..the..visions..and..values..of..the..c
ompany..and..to..share..these..with..them..consistently...Not..only..through..communication..but..as..a..
mission..statement..that..they..may..place..on..the..wall,..website,..and..communications..with..the..cust
omers..and..other..groups...Another..one..would..be..to..explain..to..these..stakeholders..and..all..other..s
takeholders..the..objectives..of..the..responsibility,..the..impact..it..has,..and..why..it..is..important..to..th
e..company...Another..would..be..to..ensure..safe..work..environments..for..the..employees...They..can..
also..follow..the..regulations..of..the..governing..bodies..ensuring..that..they..value..the..stakeholder’s..i
