Running Head: Multiple Stakeholder Process
Running Head Multiple Stakeholder Processrunning Head Multiple Stake
Public advocacy involves activities where individuals or groups influence and support particular causes or policies, operating both publicly and privately. Examples include lobbyists, special interest groups, patient advocates in hospitals, and nonprofit organizations ensuring fair treatment of consumers. Multiple stakeholder processes aim to bring all key stakeholders together to discuss issues comprehensively, maximizing engagement for informed decision-making (Malek, Budhwar & Reiche, 2015).
Two companies impacted by public advocacy campaigns are Apple and Koch Company. Apple, known for electronic products like iPhone and iPads, is influenced by advocacy groups concerning issues such as intellectual property, privacy, and environmental policies. These campaigns push Apple to participate in policy discussions to clarify their product practices and innovation approaches (Chai, Kim & Kim, 2018). Conversely, Koch Industries, producing Angel Soft toilet paper and components for iPhones, faces advocacy campaigns focusing on corporate ethics and environmental issues. The company emphasizes values like loyalty, integrity, and respect, partly driven by public advocacy pressures aimed at fostering corporate responsibility (Epstein, 2018).
The democratic input is valuable in these contexts because it ensures that business decisions align with societal expectations and regulatory frameworks, fostering transparency and accountability. Democratic engagement in business decision-making helps prevent regulatory backlash and enhances corporate social responsibility, ultimately creating a balance between profit motives and social welfare (Geissdoerfer, Bocken & Hultink, 2016).