Who are an organization's stakeholders and why are they important?
What will be an ideal response?
An organization's stakeholders are the various groups and individuals who affect and are affected by a business. Examples include employees, suppliers, customers, and investors. Stakeholders' interest often conflict which is why they are important to an organization. These conflicts force entrepreneurs to identify their stakeholders and to consider the ways in which entrepreneurs will deal with them.
When making decisions, entrepreneurs often must balance the needs and demands of a company's stakeholders. They should do this, knowing that whatever the final decision is, not all groups will be satisfied.
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The first step in the unionization process is to have workers sign _______ which designate a certain union as the workers' bargaining agent.
Fill in the blank(s) with the appropriate word(s).
Accommodators believe that winning is most important
Indicate whether this statement is true or false.