Stakeholders

Stakeholders

Stakeholders Jonathan Poland

Stakeholders are individuals or groups who have an interest or concern in something, especially a business. For example, in a corporation, stakeholders might include shareholders, employees, customers, and suppliers. The concept of stakeholders is important because it recognizes that a business has responsibilities not just to its shareholders, but also to other groups who are affected by its actions.

Investors
The owners of a business. Investors typically have a right to accurate and timely information such as regular financial statements. They may also have the right to approve or reject major decisions such as mergers & acquisitions.

Creditors
The creditors of a business typically have rights such as access to accurate and timely financial information.

Communities
The communities that are impacted by your business. For example, your impact on the quality of life, environment and economy of a city.

Trade Unions
Trade unions may be informed and consulted about things such as worker safety.

Employees
Employees and other individual contributors to your organization.

Governments
Government agencies such as regulatory bodies and taxation authorities.

Partners
Partners such as suppliers and distribution partners.

Customers
Customers who depend on your products and services.

Internal Stakeholders
Internal stakeholders are stakeholders by virtual of their role in your organization. For example, your board of directors, executive managers, auditors, business units, internal customers, operations teams, subject matter experts and users.

Learn More…

Positive Risk Jonathan Poland

Positive Risk

Positive risk refers to the potential for achieving an outcome that is…

Sales Activities Jonathan Poland

Sales Activities

A sales activity is any action or task that a salesperson undertakes…

What is a Business Model? Jonathan Poland

What is a Business Model?

A business model is a plan or framework that outlines how a…

Liquidity Risk Jonathan Poland

Liquidity Risk

Liquidity risk is the risk that a financial institution or company will…

Business Risk Jonathan Poland

Business Risk

A business risk is a potential event or situation that could negatively…

Gap Analysis Jonathan Poland

Gap Analysis

A gap analysis is a method used to determine the distance between…

What is the Iterative Process? Jonathan Poland

What is the Iterative Process?

An iterative process is a method of working through a problem or…

Rule of Three Jonathan Poland

Rule of Three

The rule of three is an economic theory that posits that large,…

Pre-Sales Jonathan Poland

Pre-Sales

The term “pre-sales” can refer to a range of different things depending…

Jonathan Poland © 2023

Search the Database

Over 1,000 posts on topics ranging from strategy to operations, innovation to finance, technology to risk and much more…

Self-Assessment Jonathan Poland

Self-Assessment

Self assessment is the process of evaluating one’s own work performance and…

Ambition Jonathan Poland

Ambition

Ambition is the drive and determination to achieve a particular goal. This…

Risk Awareness Jonathan Poland

Risk Awareness

Risk awareness refers to the extent to which people or organizations are…

Factor Market Jonathan Poland

Factor Market

The factor market, also known as the input market, is the market…

Design to Logistics Jonathan Poland

Design to Logistics

Design for logistics involves designing products with the entire supply chain in…

Experiment Cycle Time Jonathan Poland

Experiment Cycle Time

Experiment Cycle Time is a measure of how long it takes for…

Customer Satisfaction Jonathan Poland

Customer Satisfaction

Customer satisfaction is the practice of measuring how happy customers are with…

What is Price Stability? Jonathan Poland

What is Price Stability?

Price stability refers to the maintenance of relatively stable prices over time.…

Perceived Value Jonathan Poland

Perceived Value

Perceived value is the subjective worth that a customer assigns to a…