Although much consideration has been given to the relationship
between a corporation and its stakeholders, less attention has been
given as to who those stakeholders might consist of. Nevertheless
in this globalised world the effects of the actions of a
corporation can been seen to extend far beyond the boundaries of
the organisation and far beyond the countries in which that
corporation is domiciled or operates. Indeed not only can a
butterfly flapping its wings cause a hurricane in another part of
the world but also a minor decision by a corporation can have a
dramatic social, economic or geopolitical impact in other parts of
the world. Thus the stakeholder community of a corporation must be
considered as far greater than its voluntary stakeholders, far
greater than its internal stakeholders and far greater than its
supply chain and value chain. This has considerable implications
for the corporation and its approach to both its operations and its
sense of corporate responsibility. Too often this is not considered
or even recognised so in this book we take the widest definition of
stakeholders and consider aspect of the corporation's
responsibility to this community.
General
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