A firm's stakeholder strategy primarily allows the firm to
A) analyze and manage how various external and internal stakeholders interact to jointly create and trade value.
B) effectively isolate its internal stakeholders (like shareholders and employees) from its external stakeholders (like customers and media).
C) transfer the contributions external stakeholders make into benefits for the internal stakeholders.
D) facilitate the development of a competitive relationship between its internal and external stakeholders.

Question

Quizplus · Accepted Answer

Stakeholder strategy allows a firm to analyze and manage how various external and internal stakeholders interact to jointly create and trade value. It is an integrative approach to managing a diverse set of stakeholders effectively in order to gain and sustain competitive advantage.

A Firm's Stakeholder Strategy Primarily Allows the Firm to