October 20, 2019

Who are stakeholders of business and what are their roles?

Stakeholders are the people or organisations who may have a material, professional, legal or political interest in the activities and performance of the organisation.
There are three main types of stakeholders:

  1. Internal 
    1. Employees
    2. Other departments
    3. Managers 
  2. External
    1. Government
    2. Suppliers
    3. Press groups
    4. Activists
    5. Competitors
    6. Community  
  3. Interface – stakeholders who function both internally and externally. 
    1. Shareholders
    2. Clients
    3. Trade unions
    4. Board of directors
    5. Key opinion leaders

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