How best to express the fundamental objectives of the firm in terms of multiple stakeholders' interests is:
A)Not a real issue because profit maximization is the only fundamental objective
B)A real issue but the State's regulation role clarifies what is expected.
C)A real issue with much debate; however, profit maximization remains the primary objective
D)A real issue to be discussed and decided by politicians and which is beyond the scope of strategic management

Question

Quizplus · Accepted Answer

There is much debate regarding the fundamental objectives of the firm and how best to express them in terms of multiple stakeholders' interests. While profit maximization remains important, there is increasing recognition of the importance of considering the interests of other stakeholders such as employees, customers, and the environment. This debate is ongoing and will continue to evolve as society's expectations of the role of businesses in society shift.

How Best to Express the Fundamental Objectives of the Firm