A stakeholder orientation recognizes that multiple parties are affected by firm decisions.

Question

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A stakeholder orientation acknowledges that the actions and decisions of a company impact not only its shareholders but also its employees, customers, suppliers, community, and other constituencies. Therefore, a stakeholder-focused approach seeks to balance the interests of all stakeholders for the long-term success of the business.

A Stakeholder Orientation Recognizes That Multiple Parties Are Affected by Firm