Successful firms _______ the needs of all stakeholders,and manage the organization in a manner which ensures its survival today,but protects its long-term competitiveness and sustainability going forward.
A) balance
B) neglect
C) recognize
D) ignore
E) understand

Question

Quizplus · Accepted Answer

Successful firms balance the needs of all stakeholders, meaning they take into consideration not just shareholders but also employees, customers, suppliers, and the community in which they operate. By balancing the needs of all stakeholders, firms can ensure their survival in the short-term while also protecting their long-term competitiveness and sustainability.

Successful Firms _______ the Needs of All Stakeholders,and Manage the Organization