All corporations should involve themselves in stakeholder management.

Question

Quizplus · Accepted Answer

Stakeholder management involves identifying and addressing the needs and concerns of various groups impacted by a corporation's activities, such as employees, customers, suppliers, shareholders, and the community. By engaging in stakeholder management, corporations can build trust, enhance their reputation, and create value for their stakeholders, which can lead to long-term success and sustainability. Therefore, it is generally recommended that all corporations involve themselves in stakeholder management.

All Corporations Should Involve Themselves in Stakeholder Management