SOFTWARE ENGINEERING

Detailed explanation-1: -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. Shareholders are only one type of stakeholder that firms need to be cognizant of.

Detailed explanation-2: -Stakeholders can be broken down into two groups, classed as internal and external. Each has their own set of priorities and requirements from the business.

Detailed explanation-3: -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."