The theory of basing ethical business conduct on stakeholder interest is widely accepted because it is usually possible for businesses to balance stakeholder interests so that each stakeholder is satisfied and protected.

Question

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While the theory of basing ethical business conduct on stakeholder interest is widely accepted, it is not always possible for businesses to balance stakeholder interests in a way that satisfies and protects each stakeholder. This is because stakeholders often have competing interests and priorities, and it may not be possible to meet all of their needs simultaneously. Therefore, businesses must make difficult ethical decisions and prioritize certain stakeholders over others, which can lead to conflicts and tensions.

The Theory of Basing Ethical Business Conduct on Stakeholder Interest