Stakeholders are persons or groups that affect or are affected by an organization. They fulfill many roles within organizations. What is the most significant role stakeholders play in an organization? Why? How do stakeholders acting in this role influence the organization's mission, vision, and strategy?
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A stakeholder is essentially an investor in a company whose
actions determine the outcome of the business. They can be business partners
who rely on your success to keep supply chain going, employee who have a stake
in your company’s success and incentive for your products to succeed. Different
organization have different approach to stakeholders hence roles of
stakeholders differ between businesses depending on the rules and regulations
laid out by the company. Stakeholders therefore are involved in a number of roles.
They include; decision making, investment role, direct management and corporate
conscience. Through these roles stakeholders are able to play a role in
ensuring that the mission and vision of the organization is achieved.
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Nov 13th, 2015
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