Some firms only operate within the legal limits of the law, and do not contribute to the well-being of their stakeholders.

Question

Quizplus · Accepted Answer

It is possible for firms to only operate within the legal limits of the law, without actively contributing to the well-being of their stakeholders. This approach may focus solely on maximizing profits for shareholders, without prioritizing the interests of employees, customers, and other community members. However, many companies recognize the importance of stakeholder engagement and seek to balance the needs of various parties to create lasting value.

Some Firms Only Operate Within the Legal Limits of the Law