The stakeholder model of strategy formulation believes businesses exist to benefit not just their shareholders,but also all the various groups that have a meaningful stake in their operations.Such groups,for example,might include a company's employees,customers,and the community where it operates.

Question

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The statement accurately describes the stakeholder model of strategy formulation, which emphasizes the importance of considering the interests of all groups that have a stake in a company's operations, not just shareholders.

The Stakeholder Model of Strategy Formulation Believes Businesses Exist to Benefit