The stakeholder model requires businesses to think about:

Question

Quizplus · Accepted Answer

The stakeholder model requires businesses to think about the network of tensions caused by competing demands. This means that businesses must consider the interests and needs of different stakeholders, such as shareholders, customers, employees, suppliers, and the community, and manage the conflicts and trade-offs that arise between them. Profitability is important, but not the only factor to consider. Sustainability and social issues are also relevant, but they are not exclusive to the stakeholder model.

The Stakeholder Model Requires Businesses to Think About