If stakeholder groups have legitimate claims but hold no power with the management of a firm, the firm need not consider being responsive to these claims.

Question

Quizplus · Accepted Answer

Even if stakeholder groups hold no power with the management of a firm, the firm should still consider being responsive to their legitimate claims to maintain ethical and moral responsibilities. Moreover, not addressing these stakeholders' concerns may harm the firm's reputation and may result in a loss of business in the long run.

If Stakeholder Groups Have Legitimate Claims but Hold No Power