The Stakeholders

Any individual or organization affected by the activities and performance of a business is known as a stakeholder.

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Stakeholders can be both internal and external to a business.

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Stakeholder mapping is a tool that involves organising stakeholders in a matrix based on their degree of ownership and level of interest in the business.

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Trainee managers are an external stakeholder group of a business.

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The local community is an example of an external stakeholder group for a business.

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A government's main concerns in business affairs are tax revenues, employment opportunities, and economic growth.

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When managing stakeholders’ interests, successful businesses strive to ensure the interests of most stakeholders are satisfied most of the time.

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Most customers of a business would be highly concerned with how much profit a business earns.

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When managing stakeholder interests, it tends to be more complicated for larger businesses than smaller ones.

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The main concern of pressure groups is how an organization’s business activities will impact the cause that they support.

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