Cases Study Two: Rio Tinto and Stockland Following are two excerpts from the annual reports of two of Australia's largest companies

Answer:

Stockland can be best in the treatment of their stakeholders. The reason behind the same is mentioned below in the form of pointers:

• Broad vision & scope as the vision is replicated by the fact that only profit is not the ultimate objective of the business. There are other objectives that are important to make the organization stand on the strong pillars which attain long term objective and growth.
• Social responsibility of business is very important as this action helps in growing in business which helps in giving special recognition to business as these are special responsibilities towards a society which are required to be fulfilled which really helps in building the society. It can be employment generation which helps to raise the standard of living and building the economic status of the individual
• Progressive nation-building as building the nation starts from societal building in the vision which is referred to the proper fulfillment of the basic amenities if got fulfilled then it is really helpful in looking and building a progressive nation wherein the basic needs are fulfilled.
• Infrastructure development is very important as infrastructure development helps in setting up proper facilities and arrangements which are required to set the base.
• More economic development stems out when there is a vision towards overall development
• Business ethics is shown as just profit and self-centered focus is a very narrow-minded approach. Business ethics refers to those principles which are leading towards best practices that involve sustainable development which ensures growth with diversification.
• Indirect growth of stakeholders as stakeholders will surely get benefitted in terms of finding investors who make investments in the business.