(Mt) – MGT 422 Saudi Electronic University Management Case Study

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View attached explanation and answer. Let me know if you have any questions.CSRStudent NameInstitution AffiliationDateIntroductionMost firms nowadays include CSR activities into their business plans to benefit the company,enhance sales, and develop a brand that is more appealing and friendlier to the customers by makinga positive impact on the community.Schneider Electric and Vestas can be a great examples in this context. A company’s socialresponsibility (CSR) is the whole process of defining and developing its connections withstakeholders for the common good and demonstrating its commitment to this goal by adoptingrelevant initiatives and projects. Thus, corporate social responsibility (CSR) is not charity or merelygifts but rather a manner of going above and beyond business as usual, producing shared value, andsupporting environmental and social well-being (Barnett et al., 2020).In general, social responsibility may be described as a corporation’s commitment to performingactivities that benefit the community in the long run. Respect for human rights, gender equality,health and well-being, and employee training are all incorporated into the concept of corporatesocial responsibility, as is the protection of the environment, the fight against fraud and corruption,participation in the improvement of the local community, integration of challenged people, andconsumer protection.This report studies Schneider Electric and Vestas, and both are among the companies featured in theGlobal 100. Schneider Electric is a worldwide corporation developing digital energy andautomation solutions that improve efficiency and environmental sustainability. Vestas is a Denmarkcompany that sells, installs, and supports wind turbines.Key StakeholdersA company’s most critical stakeholders are its key stakeholders. Those who have a stake in acompany’s success are eager to see it succeed since they are directly affected by its operations.Engaging stakeholders involves systematically identifying and analyzing, planning, andimplementing measures to impact them. The sponsor plays a critical role in ensuring that thebusiness needs of important groups are satisfied through a stakeholder engagement strategy.Vestas engages with a diverse range of stakeholders as a worldwide enterprise. Customers,shareholders and investors, workers, policymakers, suppliers, non-governmental organizations,local communities, and the…

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