Stakeholder impact analysis primarily helps a firm
A) gain a competitive advantage while acting as a good corporate citizen.
B) lower the difference between its value creation and costs.
C) single-mindedly focus on shareholders alone.
D) exploit external stakeholders to benefit internal stakeholders.

Question

Quizplus · Accepted Answer

Stakeholder impact analysis is a decision tool with which managers can recognize, prioritize, and address the needs of different stakeholders, enabling the firm to achieve competitive advantage while acting as a good corporate citizen.

Stakeholder Impact Analysis Primarily Helps a Firm