firms as social actors

Firms as social actors are organizations that interact with society beyond just making products or profits. They influence and are influenced by social norms, values, and relationships, acting as entities that shape community well-being, employment, and cultural trends. Recognizing firms as social actors emphasizes their role in societal sustainability, ethics, and social responsibility, highlighting that they are part of a broader social fabric, not merely economic units. This perspective encourages organizations to consider their societal impact and engage responsibly with stakeholders, fostering a more inclusive and ethical business environment.