Corporate Social Responsibility: IBSS Stakeholders

CORPORATE SOCIAL RESPONSIBILITY
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Corporate Social Responsibility
Case Study 1
IBSS Stakeholders
The first case study involves International Business School Suzhou (IBSS) at XJTLU (Xi’an Jiaotong Liverpool University). This University is dedicated to enhancing higher education while exploring higher education new models. The business school is dependent on strong integrity, inspiration, innovation, and internationalism principles, all of which ensure that it has a positive effect on the society at large through their business engagement, research, and teaching. The school has various stakeholders who contribute to the school's activities' effective undertaking to ensure it achieves its mission and vision, which define the IBSS goals. In an education setting, a stakeholder is anyone invested in the students and school's success and welfare and includes elected officials like state representatives, city councilor, and board members of the school, community members, families, parents, students, staff members, teachers, and school administrators. In general, stakeholders can be defined as the groups or people depending on a particular company to accomplish personal objectives and whom the company also relies on (Asemah, Okpanachi, and Olumuji 2013, p.197). The most important International Business School Suzhou stakeholders are school administrators, students, the community, and teachers who effectively contribute to quality learning.
Each distinct stakeholder in the IBSS plays a distinctive and substantial role in holding up its education system, showing the importance of each stakeholder. School administrators such as principals are required to ensure there is efficient communication among various IBSS stakeholders and foresee the education program to ensure it runs effectively and smoothly. The IBSS administrators are supportive of a multi-cultural system within IBSS to which involves preparing Chinese students to participate in international business while preparing international students to conduct business with or within China.
In most cases, the community is ignored as a stakeholder in the education structure, is significantly a part of the IBSS, and equally important. IBSS considers the community as a stakeholder because it educates community leaders, business owners, and future employees and employers who will actively participate in the business world, thus contributing to community building in economic growth. The solid education system demonstrated by IBSS is capable of a strong community through its objective of preparing the business students to be fortunate members of the community. Parents are important stakeholders in IBSS who want their children to experience a triumphant education system, become successful people in the community, and have better lives with better jobs in the future. Parents ensure that students attend the best universities that suit their children's career choice and provide them with financial and moral support.
The IBSS students and teachers are also important stakeholders because, without them, the main activity of teaching would not be possible within the school. Students partic...