What should be the objective of a focus on stakeholders?

Question

Quizplus · Accepted Answer

The objective of a focus on stakeholders should be to preserve their interests, but not necessarily at the expense of shareholders' interests. A company should strive to find a balance between the interests of all stakeholders, including shareholders, customers, employees, suppliers, and the wider community. Disregarding shareholders' interests altogether would not be a sustainable approach, as they are an important part of the company's success. Choosing stakeholders' interests over shareholders' interests in situations of conflict may not always be the best option, as both parties have a stake in the company's performance.

What Should Be the Objective of a Focus on Stakeholders