Stakeholders

Refer to individuals, groups, or organizations that have an interest or a stake in a company’s activities, operations, or performance. Stakeholders can include shareholders, customers, employees, suppliers, regulators, government agencies, and the broader community. The needs and expectations of stakeholders often differ, and businesses must consider these diverse perspectives when making decisions and setting strategies. Stakeholder engagement is an important part of corporate social responsibility and a key factor in building trust, reputation, and long-term success in business.

In business coaching, stakeholders can be diverse and include employees, customers, investors, suppliers, and the community. The coach may help the company identify and prioritize their stakeholders, understand their needs and concerns, and develop effective strategies to engage and communicate with them. For instance, a coach may assist a company in developing a stakeholder engagement plan to address issues raised by employees or respond to customer feedback.

Stakeholders DEFINITION:

1. Individuals or groups who have an interest or concern in a company or project. 2. Parties affected by or involved in an organization's decisions, including employees, customers, investors, and the community.

Stakeholders QUOTE:

1."Stakeholders: the people who love to give their input but disappear when it's time to take action." 2."Stakeholders: the reason why we can't have nice things."