Businesses are built on relationships. What do you think this statement means? What are the implications for
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Organizations depend on their environment and their stakeholders as a source of inputs and a recipient of outputs Good relationships can lead to organizational outcomes such as improved predictability of environmental changes more successful innovations and greater degrees of trust among stakeholders and greater flexibility in acting to reduce the impact of change In addition relationship management and maintaining good relationships have been proven by many researchers to have an effect on organizational performance Highperforming companies tend to consider the interests of all major stakeholder ...View the full answer
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