Asked by Jesse Gonzalez on Jun 05, 2024

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The degree to which a firm understands and addresses stakeholder demands can be referred to as

A) a stakeholder orientation.
B) a shareholder orientation.
C) the stakeholder interaction model.
D) a two-way street.
E) a continuum.

Stakeholder Demands

The needs or expectations that individuals or groups with an interest in an organization's activities have regarding the organization's performance or conduct.

Stakeholder Orientation

A business approach that prioritizes the interests, needs, and viewpoints of all parties affected by the company's operations, including customers, employees, and the community.

  • Acquire knowledge about stakeholder orientation and recognize its essential value for business achievement.
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Verified Answer

NA
Nnenna AlugoJun 08, 2024
Final Answer :
A
Explanation :
A stakeholder orientation refers to a firm's approach to identifying, understanding, and addressing the needs and expectations of all of its stakeholders, including customers, employees, suppliers, communities, and shareholders. A firm with a strong stakeholder orientation recognizes that the success of the business depends on the satisfaction of all stakeholders, not just shareholders.