Answer and Explanation: The answer to this question is B. They are groups having a direct economic link to a firm.
c. Stakeholder management strives for creating value for the stakeholders that would critically get affected by its decisions or would impact its business.
Board members, employees, and investors are direct stakeholder examples. Customers, creditors, governments, labor unions, and other parties may belong to indirect ones.
Internal stakeholders include employees, board members, company owners, donors and volunteers. Anyone who contributes to the company's internal functions can be considered an internal stakeholder. On the other hand, external stakeholders include customers, clients, business partners, suppliers and shareholders.
Stakeholders are individuals, groups or organisations directly involved with, or indirectly affected by, a project, product, service or enterprise. As such, stakeholders likewise impact why and how a company does business.
What is the main characteristic of the stakeholder approach?(a) The idea that many different groups have a legitimate interest in the corporation. (b) It is a critical perspective on corporations and business. A focus on social and environmental responsibilities of a corporation.
Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations. An entity's stakeholders can be both internal or external to the organization.
Quality Glossary Definition: Stakeholder. The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization."
A stakeholder can be a wide variety of people impacted or invested in the project. For example, a stakeholder can be the owner or even the shareholder. But stakeholders can also be employees, bondholders, customers, suppliers and vendors. A shareholder can be a stakeholder.
A stakeholder's primary role is to help a company meet its strategic objectives by contributing their experience and perspective to a project. They can also provide necessary materials and resources.
Primary stakeholders are those individuals, groups or entities that are involved with the monetary transactions of an organization. This means that they have a financial investment in an organization's operations. Primary stakeholders may include any of the following: Employees. Customers.
Types of Stakeholders#1 Customers. Stake: Product/service quality and value. ... #2 Employees. Stake: Employment income and safety. ... #3 Investors. Stake: Financial returns. ... #4 Suppliers and Vendors. Stake: Revenues and safety. ... #5 Communities. Stake: Health, safety, economic development. ... #6 Governments. Stake: Taxes and GDP.