When organizations adopt __________,they develop a broader and longer term perspective in their decision making.

Question

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Adopting a stakeholder perspective means considering the interests and concerns of all stakeholders (e.g. customers, employees, suppliers, shareholders, communities, and the environment) in decision-making processes. This approach can help organizations develop a broader and longer-term perspective that takes into account the impacts of their actions on all stakeholders, rather than just focusing on short-term profits for shareholders. Corporate responsibility and stakeholder accountability both relate to the idea of considering the impacts of organizational decisions on stakeholders, but they do not necessarily imply a broader or longer-term perspective. The term "corporate perspective" is not a commonly used term in this context.

When Organizations Adopt __________,They Develop a Broader and Longer Term