Stakeholders

Question 1

What is a stakeholder?

Answer 1

A person or group of people who have an interest in the success of an organisation.

Question 2

What is an internal stakeholder?

Answer 2

Those who work inside the business or have financed a business (e.g. employees, manager, shareholders)

Question 3

What is an external stakeholder?

Answer 3

Those who are outside the business but have an interest in its success (e.g. government, suppliers, banks)

Question 4

What is stakeholder interest?

Answer 4

This is what the stakeholder wants from the business- it’s the reason they’re a stakeholder (e.g. an employee wants to receive a fair wage for their work)

Question 5

What is stakeholder influence?

Answer 5

These are the actions that a stakeholder can take which will affect a business (e.g. an amployee could offer good/bad customer service)