{"id":14405,"date":"2024-08-14T09:24:05","date_gmt":"2024-08-14T09:24:05","guid":{"rendered":"https:\/\/www.simtrade.fr\/blog_simtrade\/?p=14405"},"modified":"2026-01-06T22:34:01","modified_gmt":"2026-01-06T22:34:01","slug":"stakeholder","status":"publish","type":"post","link":"https:\/\/www.simtrade.fr\/blog_simtrade\/stakeholder\/","title":{"rendered":"Stakeholder"},"content":{"rendered":"

\"Anant<\/a><\/p>\n

In this article, Anant JAIN<\/a> (ESSEC Business School, Master in Management, 2019-2022) explains the term \u201cStakeholder\u201d used in management.<\/p>\n

Introduction<\/h2>\n

As defined in a 1963 internal memorandum at the Stanford Research Institute, \u201cIn a company, a stakeholder is a member of groups without whose support the organization would cease to exist\u201d. Edward Freeman later refined and promoted the idea of stakeholder in the 1980s.<\/p>\n

In other words, a stakeholder is a person, a group, or an organization who is affected by a company, project, or business venture’s outcome. A stakeholder has an interest in a firm and can influence or be influenced by it.<\/p>\n

Stakeholders are crucial because their decisions can have a favorable or negative impact on the project. Diverse stakeholders have different interests, and firms frequently have to make trade-offs in order to please every type of stakeholder.<\/p>\n

Investors, employees, customers, and suppliers are the major stakeholders of a typical company. However, with the rise of corporate social responsibility, the notion of stakeholder has been expanded to encompass communities, governments, and trade groups.<\/p>\n

Types Of Stakeholders<\/h2>\n

Stakeholders can be classified on the basis of their engagement and involvement with a company and its business. They can be classified as internal stakeholders and external stakeholders.<\/p>\n

Internal Stakeholders<\/h3>\n

Internal stakeholders, also known as Primary stakeholders, are those who are engaged in economic and financial transactions with the company. Internal stakeholders are those who have a direct interest in the company via employment, ownership, or investment. Employees, owners, the board of directors, project managers, investors, and suppliers are just a few examples.<\/p>\n

External Stakeholders<\/h3>\n

External stakeholders are those who are not engaged in direct economic or financial return with the company and are indirectly impacted by the company and its business activities. They do not actively work for a firm, but they are influenced by its activities and its’ consequences in some way. The government, the environment, society, communities, the general public, and the media are just a few examples.<\/p>\n

List Of Stakeholders<\/h2>\n

As previously stated, there are several categories of stakeholders. There are internal and external stakeholders, and every stakeholder falls under either of these categories. Every type of stakeholder group is unique and their expectations are different. Therefore, some stakeholders will be simpler to handle than others. Please find a list of the most frequent stakeholders, as well as their specific needs and participation with a company, below:<\/p>\n