Question 1.RQ.4: What are the main drawbacks of adopting the stakeholder appr...

The stakeholder approach raises various difficult issues, including:
● Who the stakeholders are and their relative importance.
● The extent to which each stakeholder group should benefit from the business and the ways in which managers should mediate between the conflicting interests of the various groups.
● How accountability can be achieved where multiple objectives are being pursued. In particular, how performance can be measured and how managers can be prevented from pursuing their own interests behind a screen of multiple objectives.