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    Open Systems Theory: Balancing the Needs of Stakeholders

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    After all, the purpose of a company is to earn profit. However, balancing (integrating) the needs of the stakeholders has been demonstrated to be profitable path, primarily because the interconnected relationships operate much more efficiently when characterized by trust. What do you think?

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    Consider that the Open system theory was first created by a biologist in 1956 called Ludwig von Bertanlanffy (1956) This theory was then replicated to all disciplines as is in the profit of a ...

    Solution Summary

    The expert examines an open systems theory. The balancing needs of stakeholders are determined.