BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a new way to describe stockholders
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individuals, groups, and organizations who have a stake in the success of the organization
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creditors who hold a lien on the assets of the organization
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attorneys and their clients who sue the organization
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Detailed explanation-1: -A stakeholder is a person, group or organization with a vested interest, or stake, in the decision-making and activities of a business, organization or project. Stakeholders can be members of the organization they have a stake in, or they can have no official affiliation.
Detailed explanation-2: -What Is a Stakeholder? A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
Detailed explanation-3: -What Is the Role of 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. Their support is crucial to a successful project.
Detailed explanation-4: -Stakeholder means any people or groups who are positively or negatively impacted by a project, initiative, policy or organisation. They could be internal (people within your organisation) or external (people outside of your organisation).
Detailed explanation-5: -Shareholders/owners are the most important stakeholders as they control the business. If they are unhappy than they can sack its directors or managers, or even sell the business to someone else. No business can ignore its customers. If it can’t sell its products, it won’t make a profit and will go bankrupt.