Pursuing strategies that maximize the long-run profitability and profit growth of a company benefits which group(s)of stakeholders?

Question

Quizplus · Accepted Answer

Pursuing strategies that maximize the long-run profitability and profit growth of a company benefits all of the mentioned stakeholders. Employees benefit from job security and potential career advancement opportunities; creditors benefit from a more financially stable company that is more likely to repay debts; charitable organizations in the local community can benefit from donations and support from a profitable company; and the general public benefits from a thriving economy and potential job opportunities. Additionally, maximizing long-term profitability can lead to more sustainable business practices that benefit the environment and the global community.

Pursuing Strategies That Maximize the Long-Run Profitability and Profit Growth