Final answer:
As a CEO, adhering to stakeholder theory by creating customer value, investing in employees, and promoting sustainability can balance the interests of all stakeholders and lead to a socially responsible business model. Therefore correct option is D
Step-by-step explanation:
If you were a CEO interested in addressing the needs of many stakeholders to maintain a healthy economy, it would be prudent to create value for customers, invest in employees, embrace sustainability, and balance the interests of various stakeholders including shareholders, employees, customers, and the community. This aligns with the stakeholder theory, contrasting with shareholder primacy which focuses only on maximizing shareholder profits. Under this approach, a business should not only aim to be profitable but also consider the ethical implications and responsibilities that come with running a corporation, such as adhering to the standards of workplace safety established by OSHA, respecting environmental regulations, and contributing to the overall well-being of society.
Adopting such a comprehensive approach may present challenges, especially when considering emerging technologies and their potential social and environmental impact. However, the focus on ethical business practices and stakeholder interests can lead to a more sustainable and socially responsible business model, which, in the long term, can benefit the company, its stakeholders, and society at large.