Abbott

Definition

Abbott is a multinational healthcare company known for its commitment to stakeholders through ethical business practices and social responsibility initiatives. It focuses on creating sustainable solutions to improve healthcare accessibility and quality while ensuring ethical decision-making processes are in place.

Related terms

Corporate Social Responsibility (CSR): A business model where companies integrate social and environmental concerns in their operations and interactions with their stakeholders.

Stakeholder Engagement:

The process by which an organization involves people who may be affected by the decisions it makes or can influence the implementation of its decisions.

Ethical Decision Making: The process of evaluating and choosing among alternatives in a manner consistent with ethical principles