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Stakeholders Who Are Stakeholders

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Who are stakeholders? What and who does this term stakeholder refer to? Are they simply the internal members of the company? Are they supporters of the company? Yes we understand each question on your mind regarding stake holder management and we are going to help you get an answer to these questions. Many people believe that stake holders are only the investors or the profit makers of the company; however this is not the care in terms of stake holders. Let us get to know and understand the meaning of stakeholder, stakeholder management and then finally see how you can effectively manage stakeholders. To get an answer to your questions refer to the notes below as they will guide you through.
Who is a Stakeholder or What is stakeholder?
Anyone or everyone who is affected by the actions of a business or an organization is a stake holder for the organization. Stakeholders are people without whom the organization might never …show more content…

Hence it is extremely important to manage stakeholders efficiently at every stage of the company’s life cycle. Management of stakeholders needs to be done very effectively as each stakeholder’s powers differ with their importance and their interest in the business. A few stakeholders have the power of either blocking your business or letting it roll successfully. You business also depends on their interest as some may be interested in what the business is doing and how is it performing however some stakeholders will not even care about your business. For example you are into a project in which your boss will be extremely interested and so will be your family; however an outsider not directly related to you will not be as interested. Similarly in a business the owner and the employees will be very interested however the community and the media will not really be

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