In a business, stakeholders are people or groups that care about what the company does and how well it is doing. Their opinions and needs can really change how a business works and makes decisions. There are two main types of stakeholders: internal and external.
Internal stakeholders are:
Employees: These are the people who work for the company. They help it run smoothly and come up with new ideas. They want job security and fair pay.
Managers: They make important decisions and make sure the business stays on track. Managers have a key role in keeping everyone focused on what the company needs.
Owners: This includes people who own the business, whether they run it alone or are part of a larger company. Their main concern is making sure the business makes money and grows.
External stakeholders include a broader range of people and groups, such as:
Customers: Happy customers are super important. Their purchases help the business earn money and succeed.
Suppliers: These are the businesses that provide goods or services. They are affected by how much a company buys and how quickly it pays.
Community: The local area around the business is also a stakeholder. Businesses can influence the community with their actions and contributions.
Government: Government bodies create rules, tax laws, and worker regulations that businesses must follow. This can affect how a business operates.
Investors: These are people or groups that put money into the business. They want to see good returns on their investments and are interested in how the business is doing and its future plans.
It’s important for businesses to understand all these different stakeholders. This helps them balance interests, manage risks, and create value for everyone involved.
In a business, stakeholders are people or groups that care about what the company does and how well it is doing. Their opinions and needs can really change how a business works and makes decisions. There are two main types of stakeholders: internal and external.
Internal stakeholders are:
Employees: These are the people who work for the company. They help it run smoothly and come up with new ideas. They want job security and fair pay.
Managers: They make important decisions and make sure the business stays on track. Managers have a key role in keeping everyone focused on what the company needs.
Owners: This includes people who own the business, whether they run it alone or are part of a larger company. Their main concern is making sure the business makes money and grows.
External stakeholders include a broader range of people and groups, such as:
Customers: Happy customers are super important. Their purchases help the business earn money and succeed.
Suppliers: These are the businesses that provide goods or services. They are affected by how much a company buys and how quickly it pays.
Community: The local area around the business is also a stakeholder. Businesses can influence the community with their actions and contributions.
Government: Government bodies create rules, tax laws, and worker regulations that businesses must follow. This can affect how a business operates.
Investors: These are people or groups that put money into the business. They want to see good returns on their investments and are interested in how the business is doing and its future plans.
It’s important for businesses to understand all these different stakeholders. This helps them balance interests, manage risks, and create value for everyone involved.