Individuals or groups with an interest in the activities of a business
How do stakeholders' interests align with business activities?
Stakeholders' interests may align with business activities when their expectations, needs, or goals are met through the business's operations, products, or services. For example, customers seek value, quality, and satisfaction; employees desire fair compensation, career development, and a safe work environment; shareholders expect returns on investment; communities may seek economic development and responsible business practices. When businesses understand and address these interests, they can build mutually beneficial relationships and create shared value.
What are examples of stakeholders in a business?
Examples of stakeholders in a business include shareholders/owners, employees, customers, suppliers, creditors, government agencies, local communities, nonprofit organizations, trade unions, industry associations, and regulatory bodies. Stakeholders can also include the media, competitors, and special interest groups that have an interest in or are affected by the activities and outcomes of the business.