Becoming a shareholder offers an opportunity to participate in a company's: potential profit, share price appreciation, dividends, decision making, etc.
Posts published in “STAKEHOLDERS”
But who exactly benefits from that value? Two key concepts offer contrasting perspectives: shareholder concept and stakeholder concept.
This article analyzes the likely positive and negative effects of business decisions on three different stakeholder groups - employees, customers and local community.
While all stakeholders are important, some stakeholders provide finance for the business, therefore have special relationship with the business.
The Stakeholder Map, or Stakeholder Mapping, is a business model allowing managers to present relative interest of stakeholders and their relative power.
Given the potential mutual benefits of achieving the interests of various stakeholders, conflict resolution is an important aspect of business strategy.
As different stakeholder groups have varying interests in a business, it is likely that conflict will arise.
External stakeholders also have an interest in the decisions and activities of a business, but they do not form a part of the business.
Internal stakeholders are members of the organization who have a direct interest in the activities of a business on daily basis.
Stakeholders are the people interested in the business. You are a stakeholder, if you buy goods and/or use services from that business.