Think of a company where “doing the right thing” and acting in the interests of broader...

70.2K

Verified Solution

Question

General Management

Think of a company where “doing the right thing” and acting inthe interests of broader stakeholders (rather than juststockholders alone) have produced a stronger competitive advantage.Why was this the case?

Answer & Explanation Solved by verified expert

3.6 Ratings (581 Votes)

A Stakeholder is a member who supports the organization he is a part of There are two types of stakeholders Primary and Secondary Primary Stakeholders or Internal Stakeholders are those who interact and deal with the business directly like stockholders suppliers customers employees investors owners and creditors Secondary Stakeholders or External Stakeholders are those who deal and interact with the business indirectly like the government general public media competitors communities business support groups etc The inclusion of the interests of external stakeholders with the interests of internal stakeholders can be collectively called as Broad Stakeholders When a corporation See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member