What is a stakeholder?

What is meant by a stakeholder?

A stakeholder is someone who may be interested in a particular business, e.g. Asda or Kellogg’s.

Stakeholders are individuals, groups or organisations that are affected by the activity of the business. They have an interest and influence on the business.

There are two types of stakeholders

Internal – A person or group within the actual business that have an influence on the company. These may involve:

·         Owners – People who have invested shares /money into the business.

·         Managers – People who organise and help to run the business.

·         Employees – People who work for the business, i.e. – stores/ shop floors.

External – A person or group outside the actual business that have an influence on the company. These may involve:

·         Community – People who are viewed to be around the business, providing custom and employment.

·         Government – People who deal with the legal side to the business, i.e. – taxes or health and safety.

·         Suppliers – People who sell goods directly to the business.

·         Customers – People who purchase products from the business causing profits.

                                   

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