According to the textbook, the businesses most likely to succeed in today's rapidly evolving global environment will be those best able to ______.
A)meet shareholders' quarterly growth expectations
B)build the best senior management team
C)balance the conflicting interests of multiple stakeholders
D)state and meet specific CSR objectives

Question

Quizplus · Accepted Answer

In today's global environment, businesses must balance the interests of multiple stakeholders, including customers, employees, shareholders, and the community. Prioritizing one group over others can ultimately harm the long-term success of the business. Therefore, those businesses that are best able to navigate these competing interests and find a balance are more likely to succeed. Meeting shareholders' quarterly growth expectations and building the best senior management team are important but not the most crucial factors for success in today's business environment. Specific CSR objectives are also important but do not necessarily guarantee success in a rapidly evolving global marketplace.

According to the Textbook, the Businesses Most Likely to Succeed