The degree to which a firm understands and addresses stakeholder demands refers to stakeholder orientation.What is stakeholder orientation?Stakeholder orientation is the degree to which a company recognizes and addresses the demands of its stakeholders. It's a management strategy that prioritizes the needs of all stakeholders (including customers, employees, investors, suppliers, and communities) rather than just focusing on the financial interests of shareholders or investors.Stakeholder orientation is a crucial element of corporate social responsibility, which aims to ensure that businesses operate ethically and transparently while creating social and environmental value for the communities they serve.A company with a strong stakeholder orientation considers the impact of its activities on all stakeholders and takes steps to address their concerns. By doing so, they can foster trust, build long-term relationships, and create value for all stakeholders.