To be effective, an organization must ________.
A) satisfy interests of all the stakeholders equally
B) consider employees as the most important stakeholder group and give priority to their interests over the interests of all the other stakeholders
C) at least minimally satisfy the interests of all the stakeholders
D) consider customers as the most important stakeholder group and give priority to their interests over the interests of all the other stakeholders

Question

Quizplus · Accepted Answer

An organization needs to at least minimally satisfy the interests of all its stakeholders, which include employees, customers, shareholders, suppliers, and the community. Ignoring the needs and interests of any particular stakeholder group could lead to negative consequences such as a loss of trust, reputation, or financial performance. Therefore, it is essential to balance the interests of all stakeholders to achieve long-term success and sustainability.

To Be Effective, an Organization Must ________