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Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement?

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Introduction

´╗┐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. ...read more.

Middle

make a loss in profit and some business owners want to make as much profit as they can and this can, therefore, cause conflict and cause employees to go on strike, which therefore doesn?t meet the objectives. Some people may disagree as if you make stakeholders happy such as the local community there will be more sales- and when there are more sales there is more revenue, which leads to more profit, which would be desirable for a business owner. ...read more.

Conclusion

and to keep employees motivated you may have to keep raising their salaries which would meet their objectives but may cause profit to go down. In conclusion, I think that meeting the objectives of all stakeholders will rarely be profitable because following everyone's objectives would practically be impossible if you still want to receive a profit because if you were to make all stakeholders happy by following their objectives the business would possibly go bankrupt as the local community wants a fair price and high-quality products which is hard as high-quality products are quite expensive overall. ...read more.

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