Wednesday, March 28, 2018

6-Categorize Stakeholders

Categorize Stakeholders

  • Internal and External Stakeholders
    • Internal stakeholders are those who are  ‘members’ of the business organization. E.g. Owners and shareholders, Managers, Staff and employees
    • External stakeholders are not part of the firm. e.g. government & trade associations, Suppliers, Customers
    • Some groups can be both internal and external stakeholders, such as staff or shareholders who are also local residents

  • Primary, Secondary & Key Stakeholders
    • Directly affected: e.g. employees & stockholders
    • Indirectly affected: e.g government & media
    • Most significantly affected: those with the most influence from either group