External Stakeholder
Stakeholder
For other uses, see Stakeholder.
Internal and external stakeholders of a company
A corporate stakeholder is a party that can affect or be affected by the actions of the business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research institute. It defined stakeholders as "those groups without whose support the organization would cease to exist."[1] The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR).
The term has been broadened to include anyone who has an interest in a matter.
Examples of a company stakeholders
Stakeholders Examples of interests
Owners private/shareholders Profit, Performance, Direction
Government Taxation, VAT, Legislation, Low unemployment
Senior Management staff Performance, Targets, Growth
Non-Managerial staff Rates of pay, Job security
Trade Unions Working conditions, Minimum wage, Legal requirements
Customers Value, Quality, Customer Care, Ethical products
Suppliers Providers of products and services used in the end product for the Customer.
Creditors Credit score, New contracts, Liquidity
Community Jobs, Involvement, Environmental issues, Shares Types of stakeholders
• People who will be affected by an endeavour and can influence it but who are not directly involved with doing the work.
• In the private sector, People who are (or might be) affected by any action taken by an organization or group. Examples are parents, children, customers, owners, employees, associates, partners, contractors, suppliers, people that are related or located near by. Any group or individual who can affect or who is affected by achievement of a group's objectives.
• An individual or group with an interest in a group's or an organization's success
For other uses, see Stakeholder.
Internal and external stakeholders of a company
A corporate stakeholder is a party that can affect or be affected by the actions of the business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research institute. It defined stakeholders as "those groups without whose support the organization would cease to exist."[1] The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR).
The term has been broadened to include anyone who has an interest in a matter.
Examples of a company stakeholders
Stakeholders Examples of interests
Owners private/shareholders Profit, Performance, Direction
Government Taxation, VAT, Legislation, Low unemployment
Senior Management staff Performance, Targets, Growth
Non-Managerial staff Rates of pay, Job security
Trade Unions Working conditions, Minimum wage, Legal requirements
Customers Value, Quality, Customer Care, Ethical products
Suppliers Providers of products and services used in the end product for the Customer.
Creditors Credit score, New contracts, Liquidity
Community Jobs, Involvement, Environmental issues, Shares Types of stakeholders
• People who will be affected by an endeavour and can influence it but who are not directly involved with doing the work.
• In the private sector, People who are (or might be) affected by any action taken by an organization or group. Examples are parents, children, customers, owners, employees, associates, partners, contractors, suppliers, people that are related or located near by. Any group or individual who can affect or who is affected by achievement of a group's objectives.
• An individual or group with an interest in a group's or an organization's success