Understanding The Role And Importance Of Stake Holders

Question 1

Define the term “stakeholders”

Answer 1

Any individual, group or party that has an interest in an organization and the outcomes of its actions

Question 2

What are examples of stakeholders

Answer 2

Customers
Shareholders
Employees
Suppliers
Communities
Government
Trade association

Question 3

What are the differences between internal and external stakeholders

Answer 3

Internal stakeholders are people whose interest In a company comes through a direct relationship, such as employment, ownership, or investment. External stakeholders do not directly work for or with a company but are affected by the actions and outcomes of the business.

Question 4

Explain the purpose of stakeholder mapping

Answer 4

To identity and analyse the various individuals, groups, or organizations that have an interest or influence in a project or organisation.

Question 5

To what extent is stakeholder mapping useful

Answer 5

Stakeholder mapping can help you better understand and organise your relationships with stakeholders, as well as support stakeholder management and engagement objectives