Maximizing long-run profitability and profit growth is the best way to satisfy the claims of several key stakeholder groups irrespective of how the company accomplishes this goal.

Question

Quizplus · Accepted Answer

While maximizing long-run profitability and profit growth is important, how a company achieves these goals matters significantly. Ethical practices, environmental sustainability, and social responsibility are crucial for satisfying the broader claims of stakeholders, including employees, customers, communities, and shareholders. Ignoring these aspects can lead to reputational damage, legal issues, and ultimately, financial losses.

Maximizing Long-Run Profitability and Profit Growth Is the Best Way