Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement?
by
hilaryalfrescoky (student)
Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement?
A stakeholder is a person or group who is affected by a business, I agree that meeting the objectives of all stakeholders may be desirable but is rarely profitable. Because stakeholders such as the local community may want environmentally friendly products which are high quality and a fair price, whereas managers want more sales which leads to more revenue to get a promotion. Therefore following this objective would be expensive as environmentally friendly products are more expensive than regular products and selling this at a fair price would be quite hard as it would be less profitable.