Organizations focus on both shareholder wealth and the stakeholders?
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hey mate....
All three groups are the stakeholders. The wealth of shareholders is the well that the organization draws capital from. To the extent to which the company needs capital for growth and expansion, it is dependent on the shareholders.
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stakeholder is someone who has an interest in the company's performance for reasons other than just capital appreciation due to an increase in the stock price. Stakeholder's welfare is a superior corporate goal over shareholder's wealth maximization.
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