Though companies need to grow to compete effectively and satisfy their stakeholders,growth itself should not be a company's objective.

Question

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Growth can be a result of a company's efforts to achieve its objective of providing value to its customers and stakeholders. However, if growth becomes the primary objective, companies may compromise on their values, ethics, and long-term sustainability, which can harm their stakeholders and society. Therefore, growth should be a means to an end, and companies should focus on fulfilling their purpose and mission rather than just growing in size or revenue.

Though Companies Need to Grow to Compete Effectively and Satisfy