What Are The 5 Stakeholders?

by | Last updated on January 24, 2024

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  • #1 Customers. Stake: Product/service quality and value. ...
  • #2 Employees. Stake: Employment income and safety. ...
  • #3 Investors. Stake: Financial returns. ...
  • #4 Suppliers and Vendors. Stake: Revenues and safety. ...
  • #5 Communities. Stake: Health, safety, economic development. ...
  • #6 Governments. Stake: Taxes and GDP.

Who are the main stakeholders?

The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers . However, with the increasing attention on corporate social responsibility, the concept has been extended to include communities, governments, and trade associations.

Who are the stakeholders in Walmart?

Our shareholders include large asset managers, other institutional investors, individual retail investors, and our own associates (in 2021, 41% of our active full-time and salaried U.S. associates participate in at least one of Walmart’s stock ownership programs, including equity awards and our Associate Stock Purchase ...

Who are the stakeholders in a grocery store?

Stakeholders can include local community based organizations such as food banks, community gardens, community and economic development organizations or healthy food retailers such as grocery stores, farmers‟ markets and food hubs.

What are the 6 main stakeholders?

  • Investors. The owners of the firm such as stockholders.
  • Creditors. Individuals and organizations that have lent the firm money.
  • Suppliers. Suppliers who have lent the firm money in the form of accounts receivable.
  • Partners. ...
  • Employees. ...
  • Customers.

How do you identify stakeholders?

Put simply, if someone has any interest in or is affected by your project , they are your stakeholder. Examples of stakeholders include the project manager, project sponsor, higher management, and team members.

What are the 10 stakeholders?

  • Suppliers. Suppliers are people or businesses who sell goods to your business and rely on you for revenue from the sale of those goods. ...
  • Owners. Owner stakeholders are the owners of an organization. ...
  • Investors. ...
  • Creditors. ...
  • Communities. ...
  • Trade unions. ...
  • Employees. ...
  • Government agencies.

Who is the most important stakeholder?

Research reveals the most important stakeholder group of organizations are employees – who come ahead of customers, suppliers, community groups, and especially far ahead of shareholders.

Is a CEO a stakeholder?

Today’s corporate CEO is a politician as much as business leader, and for proof look no further than the statement Monday from the Business Roundtable ostentatiously redefining its mission to serve “ stakeholders ” in addition to the shareholders who own the company. ... Big Business CEOs put shareholders last.

What is the role of a stakeholder?

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.

Is a retailer a stakeholder?

It includes customers, retailers ( business owners , managers and employees) and landlords. ... For SMEs, the stakeholders include business owners (and employees), whereas for large retail chains, the stakeholders in the pop-up retail context are represented by managers and employees.

How are employees stakeholders?

Employees are primary internal stakeholders . Employees have significant financial and time investments in the organization, and play a defining role in the strategy, tactics, and operations the organization carries out.

Who are the top three most important stakeholders in a business?

  • Customers. Peter Drucker defined the purpose of a company as this; to create customers. ...
  • Employees. ...
  • Shareholders. ...
  • Suppliers, distributors and other business partners. ...
  • The local community. ...
  • National Government and regulatory authorities.

Who are primary stakeholders in a project?

Primary stakeholders are those that stand to be directly affected, either positively or negatively, by the project, decisions, or actions of the project . Secondary stakeholders are those that are indirectly affected by the project, or decision, or actions of the project.

Why are stakeholders so important?

Stakeholders give your business practical and financial support . Stakeholders are people interested in your company, ranging from employees to loyal customers and investors. They broaden the pool of people who care about the well-being of your company, making you less alone in your entrepreneurial work.

What is another word for stakeholders?

  • collaborator.
  • colleague.
  • partner.
  • shareholder.
  • associate.
  • contributor.
  • participant.
  • team member.
Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.