Successful firms ignore 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.

Question

Quizplus · Accepted Answer

Successful firms do not ignore the needs of all stakeholders but instead, they consider them and manage the organization in a manner that ensures the long-term competitiveness and sustainability while also meeting the expectations and needs of their stakeholders. Ignoring the needs of stakeholders may eventually harm the organization's reputation and competitiveness in the long run.

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