An individual or group with a vested interest in the activities, operations, or success of a company, including shareholders, employees, customers, suppliers, and the community.
A stakeholder refers to any individual or group that has a vested interest or influence in the success of a business. These individuals or groups can include employees, customers, suppliers, investors, lenders, and the local community. Stakeholders play a crucial role in shaping the business's objectives, decision-making processes, and overall performance. Engaging and managing stakeholders effectively is vital for maintaining positive relationships and achieving long-term success.