Stakeholder orientation is compatible with sustainable development.

Question

Quizplus · Accepted Answer

Stakeholder orientation focuses on satisfying the needs and expectations of all stakeholders, including those affected by the actions of a business, such as customers, employees, suppliers, shareholders, and the community. This approach aligns with the principles of sustainable development, which seeks to balance economic, social, and environmental considerations to ensure long-term viability and wellbeing for society as a whole. By engaging with stakeholders and considering their interests in decision-making, businesses can contribute to sustainable development and create value for all stakeholders.

Stakeholder Orientation Is Compatible with Sustainable Development