A core tenet of stakeholder strategy is that a
A. firm should isolate its internal stakeholders from its external stakeholders.
B. single-minded focus on shareholders alone exposes a firm to undue risks that can threaten the very survival of the enterprise.
C. multifaceted exchange relationship with internal and external stakeholders can lead to a firm's competitive disadvantage.
D. firm should work toward competitive parity rather than gaining and sustaining a competitive advantage.
Answer: single-minded focus on shareholders alone exposes a firm to undue risks that can threaten the very survival of the enterprise.