Stakeholder views are really important for setting business goals. Here’s how they make a difference:
Making Profits: Shareholders, or people who own parts of the company, want to earn money. So, businesses usually focus on ways to increase their profits.
Gaining Market Share: Customers also play a big part here. Companies pay attention to what people like so they can attract more customers.
Being Socially Responsible: Communities and employees encourage companies to act responsibly. More businesses are now focusing on being sustainable and making a positive impact on society as part of their goals.
In short, finding a good balance between these views is essential for a successful business that can satisfy different stakeholders!
Stakeholder views are really important for setting business goals. Here’s how they make a difference:
Making Profits: Shareholders, or people who own parts of the company, want to earn money. So, businesses usually focus on ways to increase their profits.
Gaining Market Share: Customers also play a big part here. Companies pay attention to what people like so they can attract more customers.
Being Socially Responsible: Communities and employees encourage companies to act responsibly. More businesses are now focusing on being sustainable and making a positive impact on society as part of their goals.
In short, finding a good balance between these views is essential for a successful business that can satisfy different stakeholders!