The advantages of managing for stakeholders include:
A)Fewer negative responses from stakeholders such as legal suits or boycotts
B)Stakeholders often reciprocate
C)An excellent reputation
D)Increased strategic flexibility
E) All of these

Question

The advantages of managing for stakeholders include:
A)Fewer negative responses from stakeholders such as legal suits or boycotts
B)Stakeholders often reciprocate
C)An excellent reputation
D)Increased strategic flexibility 
E) All of these

Quizplus · Accepted Answer

Managing for stakeholders can lead to fewer negative responses from stakeholders such as legal suits or boycotts, as their concerns are being considered and addressed. Additionally, stakeholders often reciprocate when their needs are met, leading to a positive relationship between the organization and its stakeholders. This can lead to an excellent reputation and increased strategic flexibility as the organization is seen as trustworthy and adaptable to changing circumstances.

The Advantages of Managing for Stakeholders Include