BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stakeholders
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Capital Market Stakeholders
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Product Market Stakeholders
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Organizational Stakeholders
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Detailed explanation-1: -Stakeholders are those who can affect and are affected by a firm’s performance.
Detailed explanation-2: -Stakeholders are individuals, groups, and organizations that can affect the firm’s vision and mission, are affected by the strategic out-comes achieved, and have enforceable claims on the firm’s performance.
Detailed explanation-3: -The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
Detailed explanation-4: -Key stakeholders to be involved in strategic planning are those having a vested interest in the success of the organization. They include employees, unions, customers, vendors, shareholders, regulatory agencies, owners, supply chain partners, community members, and others who depend on and/or serve the organization.