Social Responsibility: Recruitment, Ticket Resale, and Trends
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AI Summary
This report delves into the realm of social responsibility, examining ethical theories like Absolutism and Utilitarianism in the context of recruitment and selection processes, particularly concerning the use of social media. It investigates the ethical implications of using social media to screen potential candidates and analyzes the challenges and opportunities presented by this approach. The report also explores social responsibility issues related to ticket resale, discussing its consequences for public relations and the application of Corporate Social Responsibility (CSR) models. Furthermore, it touches upon stakeholder issues, executive pay, and future trends in social responsibility, particularly its impact on multinational organizations. The analysis includes discussions on the advantages and disadvantages of various recruitment methods, the importance of ethical considerations, and the evolving landscape of corporate responsibility in a globalized business environment.

Social responsibility
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Table of Contents
CS 1) Ethical theories and Using Social Media in Recruitment and Selection .........................1
INTRODUCTION...........................................................................................................................1
CS 2) Social responsibility theories and ticket resale.................................................................3
INTRODUCTION...........................................................................................................................3
CS 3) Stakeholder Issues and Executive Pay...................................................................................5
INTRODUCTION ..........................................................................................................................5
CS 4) Future trend in social responsibility and its impact on multinational organization.........8
INTRODUCTION...........................................................................................................................8
REFERENCES..............................................................................................................................12
CS 1) Ethical theories and Using Social Media in Recruitment and Selection .........................1
INTRODUCTION...........................................................................................................................1
CS 2) Social responsibility theories and ticket resale.................................................................3
INTRODUCTION...........................................................................................................................3
CS 3) Stakeholder Issues and Executive Pay...................................................................................5
INTRODUCTION ..........................................................................................................................5
CS 4) Future trend in social responsibility and its impact on multinational organization.........8
INTRODUCTION...........................................................................................................................8
REFERENCES..............................................................................................................................12

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CS 1) Ethical theories and Using Social Media in Recruitment and Selection
INTRODUCTION
Social media is a platform where millions of people are active on daily basis due to which
it become easy for organisation to search qualified and eligible candidates for their vacant job
positions(Vitell, 2015). Such platform includes Facebook, twitter, Instagram etc. which provides
an opportunity to company to find the eligible people through locating their personal information
available on their personal id. This part discusses about the statements which states that “it is
ethical for organisation to look up for potential candidates on their personal social media and use
their information to support selection decision. To support and argue against such statement, tow
theories will be discussed under this part.
In the modern business era, digitalisation plays vast role in the growth and development
of the business in effective manner. Human resource is determined as the key consideration of an
organisation, as in an organisation management and higher authorities are widely concern on hire
skilled and educated people within work place in respect to attaining higher competitive edge
through the appropriate collaboration and coordination of employees. Now a day's human life are
widely based on social media and usage has been risen from 0.97 billion users in the year of
2010 to 2.62 billion in the year of 2018. There has been a corresponding growth in the use of
social media in the workplace with small as well as large business enterprises that increasing
their usage between 11% and 21% in the four years from 2012 to 2016. Between 60% and 92%
of UK businesses now use social media in some form to support their business activities. Social
media is the best tool which is widely used by organisations as their major recruitment tool, this
is effective in hiring of applicants from a large geographical area. Social media provides
opportunity to both employer and applicant as well, thus employer are able to target specific
candidates with the use of social media tools. on the other side applicants are also able to get
information about the firm or its operations. In the 21st century social media is considered as the
most popular form of communication, with over 1.6 billion monthly users, this is the easy and
comfortable way to get information about the any aspect. however organisations are widely use
modern tool of recruitment rather than traditional method(Glavas, 2012).
Absolutism: This theory suggest that there is no set of principles and and set of universal
aspect which allow to judge a skill. The person who uses this approach always follow to say that
1
INTRODUCTION
Social media is a platform where millions of people are active on daily basis due to which
it become easy for organisation to search qualified and eligible candidates for their vacant job
positions(Vitell, 2015). Such platform includes Facebook, twitter, Instagram etc. which provides
an opportunity to company to find the eligible people through locating their personal information
available on their personal id. This part discusses about the statements which states that “it is
ethical for organisation to look up for potential candidates on their personal social media and use
their information to support selection decision. To support and argue against such statement, tow
theories will be discussed under this part.
In the modern business era, digitalisation plays vast role in the growth and development
of the business in effective manner. Human resource is determined as the key consideration of an
organisation, as in an organisation management and higher authorities are widely concern on hire
skilled and educated people within work place in respect to attaining higher competitive edge
through the appropriate collaboration and coordination of employees. Now a day's human life are
widely based on social media and usage has been risen from 0.97 billion users in the year of
2010 to 2.62 billion in the year of 2018. There has been a corresponding growth in the use of
social media in the workplace with small as well as large business enterprises that increasing
their usage between 11% and 21% in the four years from 2012 to 2016. Between 60% and 92%
of UK businesses now use social media in some form to support their business activities. Social
media is the best tool which is widely used by organisations as their major recruitment tool, this
is effective in hiring of applicants from a large geographical area. Social media provides
opportunity to both employer and applicant as well, thus employer are able to target specific
candidates with the use of social media tools. on the other side applicants are also able to get
information about the firm or its operations. In the 21st century social media is considered as the
most popular form of communication, with over 1.6 billion monthly users, this is the easy and
comfortable way to get information about the any aspect. however organisations are widely use
modern tool of recruitment rather than traditional method(Glavas, 2012).
Absolutism: This theory suggest that there is no set of principles and and set of universal
aspect which allow to judge a skill. The person who uses this approach always follow to say that
1
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who is it to judge. All sets of skill judgement are explained on the basis of set of rules which are
required to meet the essential of finding the good and bad. Therefore to judge the skill of a
person a set of rule should be made which are essential to pass that case. According to this theory
company which uses social media to recruit the candidates should set the essential requirement to
pass the criteria of getting selected in the recruitment process. This step follows the guidelines of
this theory in which it is suggested that some universal aspects are there to select a candidate.
According to this theory the universal aspect are the essential which are needed to select. In this
theory, recruiter says that it is not be able to select the candidates on it's basis but the selection
will be on the basis of performance which are necessary to select.
A case study is given to the candidates so that they have given a specific set of time to
solve that case study. A specific set of rules which are required to select are set such as hand
writing and thoughts or perception of candidate on that particular case study. On the basis of this
theory, a candidate will be announced to select which will fulfil the required essential for the
team. Thus, this theory support the selection process of company through social media.
Social media provides a wide path way to employer to select best and suitable candidate
for their job profile. Social media has involved various tools like Facebook, twitter, you-tube,
Instagram etc. these are most used sources, which are significantly applied by organisations as
their major tools for recruitment. Social media is widely used as a screening process which helps
the firm or its management to take appropriate decision in regards to the candidate through
analysing its overall profile on social media (Aguinis, 2016). According to Statista (2017), the
number of social network users worldwide from 2010 to 2021. In 2019, it is estimated that there
will be around 2.77 billion social network users around the globe, up from 2.46 billion in 2017.
This will have an opportunity of an organisation to screen and select eligible candidates after
analysing their information available on their personal ids. This get support by Absolutism
theory who simply rely on the facts that no Principle are there who judge others without knowing
them personally. Some things to always involve in a social media policy are like that no
employer needs to take a decision that are on age, race, sex, religion, sexual orientation or
political beliefs; thus organisation or its employer needs to distinguish among private and
professional social media platforms and that they are not required to use social media to stalk
applicants and candidates for personal information, but to seek out information about the specific
job. Moreover, candidates must be informed if social media or any other online source is used to
2
required to meet the essential of finding the good and bad. Therefore to judge the skill of a
person a set of rule should be made which are essential to pass that case. According to this theory
company which uses social media to recruit the candidates should set the essential requirement to
pass the criteria of getting selected in the recruitment process. This step follows the guidelines of
this theory in which it is suggested that some universal aspects are there to select a candidate.
According to this theory the universal aspect are the essential which are needed to select. In this
theory, recruiter says that it is not be able to select the candidates on it's basis but the selection
will be on the basis of performance which are necessary to select.
A case study is given to the candidates so that they have given a specific set of time to
solve that case study. A specific set of rules which are required to select are set such as hand
writing and thoughts or perception of candidate on that particular case study. On the basis of this
theory, a candidate will be announced to select which will fulfil the required essential for the
team. Thus, this theory support the selection process of company through social media.
Social media provides a wide path way to employer to select best and suitable candidate
for their job profile. Social media has involved various tools like Facebook, twitter, you-tube,
Instagram etc. these are most used sources, which are significantly applied by organisations as
their major tools for recruitment. Social media is widely used as a screening process which helps
the firm or its management to take appropriate decision in regards to the candidate through
analysing its overall profile on social media (Aguinis, 2016). According to Statista (2017), the
number of social network users worldwide from 2010 to 2021. In 2019, it is estimated that there
will be around 2.77 billion social network users around the globe, up from 2.46 billion in 2017.
This will have an opportunity of an organisation to screen and select eligible candidates after
analysing their information available on their personal ids. This get support by Absolutism
theory who simply rely on the facts that no Principle are there who judge others without knowing
them personally. Some things to always involve in a social media policy are like that no
employer needs to take a decision that are on age, race, sex, religion, sexual orientation or
political beliefs; thus organisation or its employer needs to distinguish among private and
professional social media platforms and that they are not required to use social media to stalk
applicants and candidates for personal information, but to seek out information about the specific
job. Moreover, candidates must be informed if social media or any other online source is used to
2

research information about them that will affect their application, and they should be offered the
chance to respond to the material discovered should it influence the hiring manager’s decision.
Social media is the easy way to hire people through analysing their knowledge and
communication which is suitable for a specific job profile.
Utilitarianism: This theory is based on performing actions on the basis of consequences.
The consequences of this theory can be good or bad. The basic idea of this theory suggests that
every person or individual should do the task on the basis of it's consequences. Although no one
can predict the future to know that what will be good or what will be bad. This is the limitation
of this theory. In the case of company's recruitment policy of social media, fraud can be there. To
explain this theory against the policy of company a scenario is taken. If company is recruiting the
candidate on the basis of a question which should be answered within an hour. There can be a
person who will attempt that question by cheating. The person can answer that question with the
help of other. This will count as a cheating.
The fraud candidate will now be selected on the basis of performance in that given
question. By giving the answer with the help of others, the candidate has not showed its skills
and it will also make loss to the company by recruiting that candidate. Hence this theory which
emphasis on consequence base can cause a fraud. The person who is selected wants its selection
whether it will be done through anyway. So consequence of that person was selection but actions
are not decided whether they are right or not. Hence it can be concluded that, according to this
theory company should not use social media to recruit the candidates. Such theory is depend on
the consequences due to which the chances of getting reliable outcome can be very low.
Therefore, this theory restrict company to use social media platform at the time of screening and
recruiting of staff due to hasvuing less possibilities of receiving results in favourable of
company.
Absolutism is one of the best ethical theories which is used to know and understand the
requirements of skills, talent and judging the performance of an individual and know their
inclination towards the social media and its related platforms.
This is the theory which argues against the usage of social media at workplace due to
maintaining privacy concerns. There are various types of social media platforms which includes
Facebook, Instagram, twitter etc. which is mostly used by company to recruit candidates after
analysing their personal; information. It brings disadvantages to company as most of the
3
chance to respond to the material discovered should it influence the hiring manager’s decision.
Social media is the easy way to hire people through analysing their knowledge and
communication which is suitable for a specific job profile.
Utilitarianism: This theory is based on performing actions on the basis of consequences.
The consequences of this theory can be good or bad. The basic idea of this theory suggests that
every person or individual should do the task on the basis of it's consequences. Although no one
can predict the future to know that what will be good or what will be bad. This is the limitation
of this theory. In the case of company's recruitment policy of social media, fraud can be there. To
explain this theory against the policy of company a scenario is taken. If company is recruiting the
candidate on the basis of a question which should be answered within an hour. There can be a
person who will attempt that question by cheating. The person can answer that question with the
help of other. This will count as a cheating.
The fraud candidate will now be selected on the basis of performance in that given
question. By giving the answer with the help of others, the candidate has not showed its skills
and it will also make loss to the company by recruiting that candidate. Hence this theory which
emphasis on consequence base can cause a fraud. The person who is selected wants its selection
whether it will be done through anyway. So consequence of that person was selection but actions
are not decided whether they are right or not. Hence it can be concluded that, according to this
theory company should not use social media to recruit the candidates. Such theory is depend on
the consequences due to which the chances of getting reliable outcome can be very low.
Therefore, this theory restrict company to use social media platform at the time of screening and
recruiting of staff due to hasvuing less possibilities of receiving results in favourable of
company.
Absolutism is one of the best ethical theories which is used to know and understand the
requirements of skills, talent and judging the performance of an individual and know their
inclination towards the social media and its related platforms.
This is the theory which argues against the usage of social media at workplace due to
maintaining privacy concerns. There are various types of social media platforms which includes
Facebook, Instagram, twitter etc. which is mostly used by company to recruit candidates after
analysing their personal; information. It brings disadvantages to company as most of the
3
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candidates are maintaining privacy of its personal information so that it cannot be misused by
other parties for their ow purposes. In Facebook platform, users shows less willingness to
indulge in professional activities such as hiring on Facebook as they do not want to include their
employers to their Facebook profiles as friends. Recruiting employees on social media will be
less profitable as the information collected through such platform may not be genuine or reliable
which can bring loss to company in future(Schwartz, 2017). Apart from this, there are various
candidates who are not consistently active on social media which brings difficulties for
management to communicate with them about their vacancies. High internet prices also restrict
the skilled and qualified candidates to go online due to which the company have limited options
to recruit candidates. It minimises the chances of selecting eligible candidates which company
are expecting for due to having wrong information available on the social media sites. Therefore,
instead of using social media to recruit and select candidates the company can go for inviting
people at their recruitment programs conducted in their company which enable them to acquiring
sufficient reliable and accurate knowledge about the candidates. Most of the people are also took
less interest on such recruitments as they considered them as fraud due to having lack of trust.
CONCLUSION: It has been been concluded from the above analysis that social media is
an effective tool but not reliable to recruit candidate by locating their information available on
their personal social media. The accuracy and reliability of information Is very low due to which
the chances of selecting skilled and knowledgeable candidate for an organisation are minimum
which in turns decreasing their productivity. Therefore, instead of selecting candidates using
social media platform it is important for company to conduct recruitment programs at their
company where the whole process of selecting candidates are done.
CS 2) Social responsibility theories and ticket resale
INTRODUCTION
This phase of the project is about an issue of ticket resale and its consequences over the
public relation. Now a days, ticket resale has become the common activity where people are
doing it habitually and with the main aim of earning the excess profit in the shorter period of
time. Social responsibilities has now become the major all around where people are more
conservative towards the doing safe and preventive activities in order to be safe, on the other
hand, people or even companies are doing such thing to make more and high money. This part
4
other parties for their ow purposes. In Facebook platform, users shows less willingness to
indulge in professional activities such as hiring on Facebook as they do not want to include their
employers to their Facebook profiles as friends. Recruiting employees on social media will be
less profitable as the information collected through such platform may not be genuine or reliable
which can bring loss to company in future(Schwartz, 2017). Apart from this, there are various
candidates who are not consistently active on social media which brings difficulties for
management to communicate with them about their vacancies. High internet prices also restrict
the skilled and qualified candidates to go online due to which the company have limited options
to recruit candidates. It minimises the chances of selecting eligible candidates which company
are expecting for due to having wrong information available on the social media sites. Therefore,
instead of using social media to recruit and select candidates the company can go for inviting
people at their recruitment programs conducted in their company which enable them to acquiring
sufficient reliable and accurate knowledge about the candidates. Most of the people are also took
less interest on such recruitments as they considered them as fraud due to having lack of trust.
CONCLUSION: It has been been concluded from the above analysis that social media is
an effective tool but not reliable to recruit candidate by locating their information available on
their personal social media. The accuracy and reliability of information Is very low due to which
the chances of selecting skilled and knowledgeable candidate for an organisation are minimum
which in turns decreasing their productivity. Therefore, instead of selecting candidates using
social media platform it is important for company to conduct recruitment programs at their
company where the whole process of selecting candidates are done.
CS 2) Social responsibility theories and ticket resale
INTRODUCTION
This phase of the project is about an issue of ticket resale and its consequences over the
public relation. Now a days, ticket resale has become the common activity where people are
doing it habitually and with the main aim of earning the excess profit in the shorter period of
time. Social responsibilities has now become the major all around where people are more
conservative towards the doing safe and preventive activities in order to be safe, on the other
hand, people or even companies are doing such thing to make more and high money. This part
4
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will discussed about the social responsibilities and its related theories and concept of ticket
resale. This will discuss about the CR model for such practices and activities.
Discussion: Corporate social responsibility is considered as most important response to
increase the level of criticism that corporate are facing and experiencing. It is the relation
between all such activities which is related to gambling, ticket resale etc. and public relation.
Ticket resale is consider as issue, when they are not sold, people try to sell it either by increasing
the price or selling it through other source or platform(Kolk, 2016). There are some major
problem of ticket resale which has encountered by this case studies. Some are as follow: Paying
more than the face value, non-disclosure of hidden fees and drip facing, ineffective customer
service, any kind of area, seat or restriction has not been described, overcharging of the credit
card, fraudulent or duplicated tickets which may arise the chances of the legal and judicial theft.
There are different websites who tricks customer to seems like original tickets. Foe this solution
of the ticket resale, there are various fixes of this issue. Such fixes is taken to make sure that
ticket resale should be fair to the consumer are as follow:
It is necessary for the consumer's to know and need better information, which will help
them to decide regarding the usage of different sites for ticket resale. Promoters,
vendors and venues should mention number of ticket's available whether on pre-sale or
general sale(Matten, 2012).
Ticket companies, artist and promoters must invest in an innovation to reduce the
chances of fraud by allowing the name change on ticket or by developing the better
ticket system.
Resale websites should clearly mention the tickets details before or during the booking
process which will show various variables such as relevant seats, price, location etc.
For better understanding of the corporate social responsibility, there is a requirement of
the appropriate model named as CSR pyramid model, which was framed to embrace an entire
spectrum of the society expectation of business responsibilities and expectation. For better and
effective understanding, there are four kind of social responsibilities such as economic, legal,
ethical and philanthropic. According to Carroll,the use of this pyramid to depict the conceptual
model of CSR. Businesses are expected to operate any kind of work or business within the
framework of law(Brammer, 2014). Hence the legal responsibilities are predicted as the next
layer of the pyramid after the economic layer. After this, third layer is the ethical responsibilities
5
resale. This will discuss about the CR model for such practices and activities.
Discussion: Corporate social responsibility is considered as most important response to
increase the level of criticism that corporate are facing and experiencing. It is the relation
between all such activities which is related to gambling, ticket resale etc. and public relation.
Ticket resale is consider as issue, when they are not sold, people try to sell it either by increasing
the price or selling it through other source or platform(Kolk, 2016). There are some major
problem of ticket resale which has encountered by this case studies. Some are as follow: Paying
more than the face value, non-disclosure of hidden fees and drip facing, ineffective customer
service, any kind of area, seat or restriction has not been described, overcharging of the credit
card, fraudulent or duplicated tickets which may arise the chances of the legal and judicial theft.
There are different websites who tricks customer to seems like original tickets. Foe this solution
of the ticket resale, there are various fixes of this issue. Such fixes is taken to make sure that
ticket resale should be fair to the consumer are as follow:
It is necessary for the consumer's to know and need better information, which will help
them to decide regarding the usage of different sites for ticket resale. Promoters,
vendors and venues should mention number of ticket's available whether on pre-sale or
general sale(Matten, 2012).
Ticket companies, artist and promoters must invest in an innovation to reduce the
chances of fraud by allowing the name change on ticket or by developing the better
ticket system.
Resale websites should clearly mention the tickets details before or during the booking
process which will show various variables such as relevant seats, price, location etc.
For better understanding of the corporate social responsibility, there is a requirement of
the appropriate model named as CSR pyramid model, which was framed to embrace an entire
spectrum of the society expectation of business responsibilities and expectation. For better and
effective understanding, there are four kind of social responsibilities such as economic, legal,
ethical and philanthropic. According to Carroll,the use of this pyramid to depict the conceptual
model of CSR. Businesses are expected to operate any kind of work or business within the
framework of law(Brammer, 2014). Hence the legal responsibilities are predicted as the next
layer of the pyramid after the economic layer. After this, third layer is the ethical responsibilities
5

in which those activities or practices are to be prohibited, which has been done by society
member even though such has not been codified into the law. Last is the layer of philanthropic
responsibilities,which is basically discretionary in nature. Organisation should not undertake
ticket resale activities when it is crossing the limit of unlawful activities such as gambling, token
money, playing cards in context of selling unsold ticket. All these activities are unlawful and
against of the judicial system.
Let's back comes to the CSR model, it says that organisation needs to conduct these
activities as per what is stated in the bye-laws and regulation.
At the economic level, organisation conduct such as activities with the main motive of
earning and making the large amount of profit. In organisation such as Stubhub,
ticketmaster and viagogo, their business responsibilities are predicted upon the several
economic responsibility of the firm. In this business firm needs to ensure about their
responsibility and duties while conducting all such activities such as ticket resale by
using different platform such as social media, second sale network etc to conduct all such
works. Here, the discussion is regarding the resale of the ticket process and procedure. It
has to be clear that resale of tickets is not considerable in different region, it puts
particular in the financial consequences and burden, which can result to their social
interest loss and harms.
At the legal level, such business are required to operate and conduct within the decided
framework by the government and legal body operated in the respective countries and
nation. Such frameworks should be followed seriously and also as per the desired law and
regulation. In various regions, resale of the ticket are declared as illegal, because, it lead
to the malware work and practices, which can harm the social interest and legislations. In
this level of responsibility, people and several organisation needs to do these practices
under the lawful consideration and legislations.
6
member even though such has not been codified into the law. Last is the layer of philanthropic
responsibilities,which is basically discretionary in nature. Organisation should not undertake
ticket resale activities when it is crossing the limit of unlawful activities such as gambling, token
money, playing cards in context of selling unsold ticket. All these activities are unlawful and
against of the judicial system.
Let's back comes to the CSR model, it says that organisation needs to conduct these
activities as per what is stated in the bye-laws and regulation.
At the economic level, organisation conduct such as activities with the main motive of
earning and making the large amount of profit. In organisation such as Stubhub,
ticketmaster and viagogo, their business responsibilities are predicted upon the several
economic responsibility of the firm. In this business firm needs to ensure about their
responsibility and duties while conducting all such activities such as ticket resale by
using different platform such as social media, second sale network etc to conduct all such
works. Here, the discussion is regarding the resale of the ticket process and procedure. It
has to be clear that resale of tickets is not considerable in different region, it puts
particular in the financial consequences and burden, which can result to their social
interest loss and harms.
At the legal level, such business are required to operate and conduct within the decided
framework by the government and legal body operated in the respective countries and
nation. Such frameworks should be followed seriously and also as per the desired law and
regulation. In various regions, resale of the ticket are declared as illegal, because, it lead
to the malware work and practices, which can harm the social interest and legislations. In
this level of responsibility, people and several organisation needs to do these practices
under the lawful consideration and legislations.
6
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Illustration 1: Carroll's pyramid of corporate social responsibility
Sources: Carroll's pyramid of corporate social responsibility , 2018
At the ethical level, such activities if not fit according as per the society and culture, they
are meant to be prohibited and stopped. Justification for the CSR pyramid is an ethics
pay. Hence, it tells that activities are to be conduct in accordance with the systematic
power given and allotted(Harjoto, 2012). Resale of the entertainment and movies tickets
is not any ethical task, as it effects and exploits the ethical consideration of the society,
culture and internal environment of democracy.
At the philanthropic level, in this scope of the responsibilities are narrow and wide.
These pyramid purports the sufficient set of an obligation that socially responsible
business should fulfil and with the decreasing importance of the laws. In context with the
lawful consideration, resale of the ticket has not been approved by any judiciary and law
& regulation. Hence, it has to be obligated by the recognised legislation who may be
think, it is against the laws and procedure.
CONCLUSION: It is concluded ticket resale is both legal and illegal in different
context. Main motive here is to protect the interest of consumer and their choices. These
activities are illegal in various situation when any idea of fraud generation , making money
through overcharging from the people and gambling etc. In this, social responsibilities is the pre-
7
Sources: Carroll's pyramid of corporate social responsibility , 2018
At the ethical level, such activities if not fit according as per the society and culture, they
are meant to be prohibited and stopped. Justification for the CSR pyramid is an ethics
pay. Hence, it tells that activities are to be conduct in accordance with the systematic
power given and allotted(Harjoto, 2012). Resale of the entertainment and movies tickets
is not any ethical task, as it effects and exploits the ethical consideration of the society,
culture and internal environment of democracy.
At the philanthropic level, in this scope of the responsibilities are narrow and wide.
These pyramid purports the sufficient set of an obligation that socially responsible
business should fulfil and with the decreasing importance of the laws. In context with the
lawful consideration, resale of the ticket has not been approved by any judiciary and law
& regulation. Hence, it has to be obligated by the recognised legislation who may be
think, it is against the laws and procedure.
CONCLUSION: It is concluded ticket resale is both legal and illegal in different
context. Main motive here is to protect the interest of consumer and their choices. These
activities are illegal in various situation when any idea of fraud generation , making money
through overcharging from the people and gambling etc. In this, social responsibilities is the pre-
7
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requisites for the company as well as society to conduct activities in the most suitable and
beneficial ways.
CS 3) Stakeholder Issues and Executive Pay
INTRODUCTION
Stakeholders and executive pays has become common and important for an organisation
to enhance their financial capabilities. This tells about the earning capacity and wealth managing
in the past time. This shows that, in previous time CEO's were paid on the basis of what their
peer's used to get in that time. This case scenario will make discussion about what makes the pay
of the CEO more high and worker's pay stagnated.
The pay of the CEO has been increased over the years and it has led pressure and burden
on the wages and pay of an employee. Stakeholder mapping is the process of debate, research
and discussion that draws from multiple perspectives to understand and determine the key list of
stakeholders across the entire spectrum. Hence, the entire of the stakeholder mapping is divided
into the four phases namely identifying, analysing, mapping and prioritize. It is the complete
detailed process and plan for acknowledgement and understanding of the stakeholders are as
follows:
Identifying: This is the first step in this whole mapping process, which says that there is
no specific list for the stakeholders. The actual list is always depends on the size and nature of
business. There is a list of the stakeholders which requires the pre-identification such as owner,
customer, employee, industry, community, environment and government etc.
Analysing: Once after the list of stakeholders, it will be useful and beneficial to analysis
for understanding relationship and perspective they offer to the company. To understand their
relationship and contribution more accurately, BRS has been developed which is a list of criteria
to help in analyse each and every stakeholder is as follows:
Contribution: Does the appropriate stakeholder have any kind of information, counsel and
knowledge on an issue that could be helpful for the company?
Legitimacy: How legitimate is the stakeholder claim for engagement
Willingness to engage: How willing is the stakeholder to engage into the business
8
beneficial ways.
CS 3) Stakeholder Issues and Executive Pay
INTRODUCTION
Stakeholders and executive pays has become common and important for an organisation
to enhance their financial capabilities. This tells about the earning capacity and wealth managing
in the past time. This shows that, in previous time CEO's were paid on the basis of what their
peer's used to get in that time. This case scenario will make discussion about what makes the pay
of the CEO more high and worker's pay stagnated.
The pay of the CEO has been increased over the years and it has led pressure and burden
on the wages and pay of an employee. Stakeholder mapping is the process of debate, research
and discussion that draws from multiple perspectives to understand and determine the key list of
stakeholders across the entire spectrum. Hence, the entire of the stakeholder mapping is divided
into the four phases namely identifying, analysing, mapping and prioritize. It is the complete
detailed process and plan for acknowledgement and understanding of the stakeholders are as
follows:
Identifying: This is the first step in this whole mapping process, which says that there is
no specific list for the stakeholders. The actual list is always depends on the size and nature of
business. There is a list of the stakeholders which requires the pre-identification such as owner,
customer, employee, industry, community, environment and government etc.
Analysing: Once after the list of stakeholders, it will be useful and beneficial to analysis
for understanding relationship and perspective they offer to the company. To understand their
relationship and contribution more accurately, BRS has been developed which is a list of criteria
to help in analyse each and every stakeholder is as follows:
Contribution: Does the appropriate stakeholder have any kind of information, counsel and
knowledge on an issue that could be helpful for the company?
Legitimacy: How legitimate is the stakeholder claim for engagement
Willingness to engage: How willing is the stakeholder to engage into the business
8

Influence: How much and what is level of an influence does the stakeholder have in the
decision making in the company.
Necessity of involvement: How it is important for the stakeholder to get involved in the
decision making of the company.
Mapping: Stakeholder mapping is the analytical tool and virtual exercise that one can use
to determine which stakeholder are most suitable to engage with the company's decision making
and managerial working. Effective mapping enables you to see which stakeholder stands at the
what position and when to evaluate to see the actual and desired results(Hopkins, 2012).
Sources: Stakeholder Mapping, (2008)
The position that you allocate to the stakeholder on the grid shows you the action you need to
take with them. The above stakeholder mapping is as follows:
High power, highly interested people(Manage closely): It is required to fully engage this
stakeholders and make the greatest efforts to satisfy them.
High power, less interested people(Keep satisfied): It is necessary to put efforts for
satisfying these stakeholders, but so much that they become bored by the company policies and
regulation.
Low power, highly interested people(Keep informed): It is required to inform such
stakeholders and also talk to them to ensure that no major issues are arising. People in this
category can often be very helpful with the detail of the project.
9
Illustration 2: Stakeholder Mapping
decision making in the company.
Necessity of involvement: How it is important for the stakeholder to get involved in the
decision making of the company.
Mapping: Stakeholder mapping is the analytical tool and virtual exercise that one can use
to determine which stakeholder are most suitable to engage with the company's decision making
and managerial working. Effective mapping enables you to see which stakeholder stands at the
what position and when to evaluate to see the actual and desired results(Hopkins, 2012).
Sources: Stakeholder Mapping, (2008)
The position that you allocate to the stakeholder on the grid shows you the action you need to
take with them. The above stakeholder mapping is as follows:
High power, highly interested people(Manage closely): It is required to fully engage this
stakeholders and make the greatest efforts to satisfy them.
High power, less interested people(Keep satisfied): It is necessary to put efforts for
satisfying these stakeholders, but so much that they become bored by the company policies and
regulation.
Low power, highly interested people(Keep informed): It is required to inform such
stakeholders and also talk to them to ensure that no major issues are arising. People in this
category can often be very helpful with the detail of the project.
9
Illustration 2: Stakeholder Mapping
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