Freeman & Elms, 2018 - Dealing with Trade-Offs
3 important questions on Freeman & Elms, 2018 - Dealing with Trade-Offs
What is very interesting about the Freeman & Elms article is how they deal with trade-offs. In terms of the fact that with stakeholders you look at multiple groups where sometimes benefiting one, might hurt the other, what is the solution from a stakeholder value maximisation perspective as you have to take into consideration all these groups and satisfy their demands?
They suggest you should come up with win-win solutions by creating value for everyone.
In line with creating a win-win solution, what is suggested to be a winning business model?
The ones that get stakeholder interest going into the same direction. Having as few trade-offs as possible.
How do you become the company with the winning business model, that has as few trade-offs as possible?
By being inventive and using ingenuity.
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