"Strategic Management: A Stakeholder Approach"

"Strategic Management: A Stakeholder Approach" refers to a way of planning and making decisions in a business that considers not just profits, but also the interests and needs of all parties involved. These stakeholders include employees, customers, suppliers, communities, and shareholders. By acknowledging and addressing the concerns of these groups, companies can create more sustainable strategies that lead to long-term success. This approach emphasizes collaboration and balance, aiming to generate value for everyone rather than focusing solely on financial gains. Ultimately, it's about fostering positive relationships and ensuring that all voices are heard in the decision-making process.