stakeholders

Examples of stakeholders in the following topics:

• Stakeholders: the connective rim on the wheel

  • The people who come in contact with your business's brand are known as your startup's stakeholders.
  • Who will be your startup's stakeholders?
  • Consider establishing contacts with some of the following suggested stakeholder categories common to new venture enterprises mentioned in the "Startup Stakeholder Arrow".
  • Exhibit 7: "Startup Stakeholder Arrow" created by Molly Lavik, founder, Mentorography, Inc., January 12, 2009.

• Relationship Building with Various Stakeholders

  • The key to building a strong stakeholder relationship is communicating effectively with all stakeholders.
  • Stakeholders can be divided into two main categories:
  • Internal Stakeholders are engaged in economic transactions with the business.
  • These stakeholders influence programs, products and services.
  • Stakeholders should have a clear idea of a company's strategy.

• Internal Stakeholders

  • Organizational management is largely influenced by the opinions and perspectives of internal and external stakeholders.
  • Employees are primary internal stakeholders.
  • Owners often make substantial decisions regarding both internal and external stakeholders.
  • This graphic is a good illustration of the stakeholders involved in a search engine organization.
  • Owners are directly involved in the process, and thus described as internal stakeholders.

• Maximizing Value Without Harming Stakeholders

  • The stakeholder concept is associated with the concept of corporate governance.
  • Stakeholders are those who are affected by an organization's activities.
  • The stakeholders can be internal, like owners or employees.
  • Because of the breadth of the term stakeholder, there are different views as to whom should be included in stakeholder considerations.
  • The environment can be seen as a stakeholder.

• Stakeholders: Consumers, Employees, and Shareholders

  • Stakeholders may have different interests related to the pursuit of profit and social impact.
  • This normative model implies that the CSR collaborations are positively accepted when they are in the interests of stakeholders and may have no effect or be detrimental to the organization if they are not directly related to stakeholder interests.
  • It is the stakeholder theory that implies that all stakeholders (or individuals) must be treated equally regardless of the fact that some people will obviously contribute more than others to an organization.
  • Importantly, the leadership (or stakeholder management) has to have the desire, the will, and the skills to ensure that the other stakeholders' voices are respected within the organization, and leadership has to ensure that those other voices are not expressing views that are not shared by the larger majority of the members (or stakeholders).
  • Identify the importance of an organization recognizing the needs of its stakeholders

• Business Stakeholders: Internal and External

  • A stakeholder is an individual or group that has a legitimate interest in a company.
  • The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute.
  • The picture shows the typical stakeholders of a company.
  • The stakeholders are divided in internal and external stakeholders.
  • Discuss what a business stakeholder is and how they interact with the company

• Profit and Stakeholders

  • Other stakeholders would be funders and the design and construction teams.
  • Sometimes even competitors are counted as stakeholders.
  • Market stakeholders (sometimes called "primary stakeholders") are those that engage in economic transactions with the business.
  • Examples of primary stakeholders could be customers, suppliers, creditors or employees.
  • Non-market stakeholders (sometimes called "secondary stakeholders") are those who generally do not engage in direct economic exchange with the business, but are affected by or can affect its actions.

• External Stakeholders

  • Integrating businesses into society results in a wide variety of interactions with a number of different external stakeholder groups.
  • Decisions should be made in a way that ensures all stakeholders are considered.
  • As a result, suppliers are closely related to organizations as key external stakeholders.
  • While other stakeholder groups could be discussed at length, these are a few of the key pillars in stakeholder theory.
  • Identify the various external stakeholders which may be impacted by business operations

• Types of Stakeholders

  • Although all stakeholders can affect or be affected by the organization's actions, objectives, and policies, not all stakeholders are equal.
  • In contrast, secondary stakeholders are usually external stakeholders who may not necessarily engage in direct economic exchange with the organization.
  • Customers represent another key stakeholder group.
  • Some of the most powerful primary stakeholders are stockholders.
  • Funders and donors are yet another powerful stakeholder.

• Promoting Ethical Behavior through the Planning Process

  • Building in a strong sense of ethics, and an alignment with the well-being of all existing stakeholders (and society at large) is an integral aspect of the strategic planning process.
  • The concept of aligning with the needs, ethics and well-being of all stakeholders is referred to as Stakeholder Theory.
  • All organizations have a wide variety of stakeholders.
  • Basically, any group, individual or organization impacted by operations is considered a stakeholder.
  • This code of ethics should take stakeholders concerns into consideration, and evolve organically over time as the organization grows.