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Trade-off between stakeholders demands

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Customers want high quality, low prices and full services. Employees want high wages, high quality working conditions, and fringe benefits. Suppliers of capital want low risk and high returns. Communities want high charitable contributions, social expenditures by companies to benefit the community.

Based on the stakeholder theory, what are the consequences(advantages and disadvantages) if a firm ignores the objectives of its multiple stakeholders? How to make a trade-off between these stakeholders' demands?

Reference no: EM133071697

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