In a firm,a strategist's job should be to
A) limit the participation of external stakeholders-customers and suppliers-in value creation.
B) isolate the firm's internal stakeholders from its external stakeholders.
C) focus solely, in a single-minded manner, on maximizing shareholder wealth.
D) understand the complex web of exchange relationships among different stakeholders.

Question

Quizplus · Accepted Answer

A strategist's job is to understand the complex web of exchange relationships among different stakeholders. By doing so, the firm can proactively shape the various relationships in order to maximize the joint value created, and manage the distribution of this larger pie in a fair and transparent manner.

In a Firm,a Strategist's Job Should Be to