Hasan Raza
Mythical member
Who are stakeholders and what is their impact on the success of business?
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Businesses have different stakeholders stakeholders are the ones who are in charge of the business who finances the business and make sure all the business is successfulStakeholders of a business are those who buys a share of a business and expecting the company to make progress so that they can also have a share out of the profit the company are making
That is a really good explanation. I always thought that stakeholders are only made up of those investing in the business. It is great to know that it can also include the customers and other external people.A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers. However, with the increasing attention on corporate social responsibility, the concept has been extended to include communities, governments, and trade associations.
- A stakeholder has a vested interest in a company and can either affect or be affected by a business' operations and performance.
- Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations.
- An entity's stakeholders can be both internal or external to the organization.
The fact that a stakeholder of an organisation has some vested interest in the organisation means that that stakeholders would definitely not want anything bad to happen to the business as anything but should happen the business will definitely affect what he has in the company and he runs the risk of losing his investment.A stakeholder has a vested interest in a business and can either be affected or affect a business' operations and performance.
Anyone that has an interest in a particular business is a stakeholder, they can be employees of the business, vendors, company, suppliers or partners.
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