The stakeholder model of corporate social responsibility rejects the view that stockholders are the only group with legitimate claims over managerial decisions. It argues that managers have equal ethical duties to consider the interests of other stakeholders such as employees, customers, suppliers, and local communities. The stakeholder model requires managers to balance the competing interests of all stakeholder groups, giving equal consideration to each, rather than prioritizing stockholders' financial interests over all others. Critics argue it is difficult to implement the stakeholder model in practice due to challenges in identifying stakeholders, determining their interests, and deciding on a course of action that properly balances all interests.