What Is A Stakeholder?

by Danielle Bloom

0 min read

A stakeholder is a person or group with an interest in a company. Employees, stockholders, investors, lenders, suppliers and customers are all stakeholders, although they have varied interests that connect them to the business. Stakeholders become involved to share in and benefit from the business’s successes; in their supporting role, they may become decision makers.

Balancing differing stakeholder interests is an essential part of running a small business, because stakeholders can influence the business’s direction. Investors have an expectation of returns on investment, and they may want to have a say in matters of company management and decision making. Conflicts can arise when lenders expect the business to run a tight budget, but employee stakeholders expect fair compensation for their loyal service.

References & Resources

Related Articles

How Interpersonal Conflicts in the Workplace Impact Productivity

When two or more people work together, interpersonal conflicts are almost inevitable.…

Read more

4 Tips for Effectively Managing Employee Conflict in Your Small Business

When people with different backgrounds, personalities, and beliefs work together, conflicts are…

Read more

8 Ways to Avoid Investment Fraud

Investment fraud, also known as securities fraud, is a practice involving financial…

Read more