A core tenet of stakeholder strategy is that a
A) firm should isolate its internal stakeholders from its external stakeholders.
B) single-minded focus on shareholders alone exposes a firm to undue risks that can threaten the very survival of the enterprise.
C) multifaceted exchange relationship with internal and external stakeholders can lead to a firm's competitive disadvantage.
D) firm should work toward competitive parity rather than gaining and sustaining a competitive advantage.

Question

Quizplus · Accepted Answer

A core tenet of stakeholder strategy is that a single-minded focus on shareholders alone exposes a firm to undue risks that can undermine economic performance and can even threaten the very survival of the enterprise. The strategist's job, therefore, is to understand the complex web of exchange relationships among different stakeholders.

A Core Tenet of Stakeholder Strategy Is That a