Sunday 6 December 2009

Stakeholders

Briefly describe each of the internal and external stakeholders of a company including all SIGs (special interest groups).
A stakeholder is a person or organization directly interested in a business and affected by its performance. Stakeholders include shareholders, managers, employees, customers, suppliers, investors, competitors, the local community, and the government.
Pressure groups do not have formal authority in the operations of a business.
Internal Stakeholders of a business are members of the organization; consisting of employees, owners/shareholders, managers and directors of the organization.
External Stakeholders do not form part of the business (including customers, suppliers, and the government), but have a direct interest or involvement in the actions of the organization.
In terms of employees, they generally strive to improve their wages and salaries, and other financial benefits.