Explain why companies are concerned about their reputation and its effects on stakeholders.

Write a narrative essay addressing the four questions or statements listed below. Your essay must follow APA format, include a minimum of 1,200 words, and 3 scholarly resources.
• With whom does social responsibility begin within a business? What social responsibility expectations does society require from a business?
• Explain why companies are concerned about their reputation and its effects on stakeholders. What are the four elements of reputation management? How has the marketplace of ideas affected reputation management strategies in companies?
• What are the differences among the reactive, defensive, accommodative, and proactive approaches to stakeholder relationships?
• Refer to Case 2, Home Depot. As a publicly traded corporation, how can Home Depot justify budgeting so much money for philanthropy? What areas other than the environment, disaster relief, and affordable housing might be appropriate for strategic philanthropy by Home Depot?

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