According to the _____ to management, by recognizing stakeholders and not just shareholders, corporations must maintain a long-term perspective rather than simply delivering quarterly earnings numbers.

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The social contract approach to management emphasizes the importance of recognizing and balancing the interests of all stakeholders, including employees, customers, suppliers, and the community, rather than solely focusing on maximizing profits for shareholders. This approach advocates for a long-term perspective that takes into account the sustainability of the business and its impact on society.

According to the _____ to Management, by Recognizing Stakeholders and Not