Stakeholders in a business
Who are considered stakeholders in a business?
Stakeholders in a business include individuals, groups, or organizations that have a vested interest or can be affected by the business's activities, decisions, and outcomes. This includes shareholders, employees, customers, suppliers, local communities, government entities, investors, lenders, and advocacy groups. Stakeholders can have different perspectives, needs, and expectations related to the business's performance and impact.
What interests do stakeholders have in a business?
Stakeholders have various interests in a business, including financial returns (e.g., shareholders seeking dividends), job security and career advancement (e.g., employees), quality products or services (e.g., customers), ethical business practices and environmental sustainability (e.g., communities and environmental groups), regulatory compliance (e.g., government agencies), and long-term business viability (e.g., creditors and suppliers). Stakeholders' interests reflect their relationships with the business and the impacts they experience or perceive.