Expectations of stakeholders
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Failure to understand the beliefs and expectations of stakeholders:
a.Causes company's profits to increase in the short run.
b.Causes company's profits to decrease in the short run.
c.Causes the performance-expectations gap to grow larger.
d.Increases the chance of a corporate buy-out.
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Solution Summary
The solution presents a general statement about expectations of stakeholders followed by a one-sentence response to each condition.
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"In the last decades of the 20th century, the word "stakeholder" has become more commonly used to mean a person or organization that has a legitimate interest in a project or entity. In discussing the decision-making process for institutions -- including large business corporations, government agencies, and non-profit organizations -- the concept ...
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