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Managers Should Do More Than Just Focus on Short-Term Financial

question 56

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Managers should do more than just focus on short-term financial performance.One concept that helps managers do this is stakeholder symbiosis.This means that:


Definitions:

Group-Oriented Contingencies

A strategy used within group settings where rewards or consequences are delivered based on collective behavior or performance.

Interdependent

Mutual dependence between things. In social contexts, it refers to relationships where individuals or groups rely on each other.

Preference List

A ranked list of items or options according to a person's likes, desires, or priorities.

Reinforcers

Stimuli that increase the likelihood of a behavior being repeated, which can be positive (adding something desirable) or negative (removing something undesirable).

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