The _________ approach,in concrete terms,means achieving balance among the various parts of the system by satisfying the interests of the organization's constituency.

Question

Quizplus · Accepted Answer

The stakeholder approach focuses on satisfying the interests of all stakeholders, including customers, employees, shareholders, and the community. The goal of this approach is to achieve balance and create value for all stakeholders, rather than just maximizing profits for the organization. Thus, option B is the best choice. The systems approach considers the organization as a whole, and how different parts of the system interact with each other. The constituency approach has a similar focus on balancing the interests of different groups, but is a more outdated term. The goal approach focuses solely on achieving specific objectives or targets.

The _________ Approach,in Concrete Terms,means Achieving Balance Among the Various