Stakeholder
What is a Stakeholder?
Any person, entity, or party with an interest in a company and the outcomes of its operations is considered a stakeholder. Employees, clients, shareholders, suppliers, communities, and governments are typical examples of stakeholders. Companies frequently have to make trade-offs while attempting to satisfy a variety of stakeholders, each of whom has varying interests.
Our credo says that, in the end, we want to drive positive change in the lives of our stakeholders and communities across the world, enabling them to rise.
Anand Mahindra
Understanding of the term Stakeholder
Stakeholders exist in every business. These individuals or groups of individuals are those who both influence and are influenced by the business’s decisions and activities. They can be broadly classified as either internal or external stakeholders, and they both have a rightful interest in the company.
Internal Stakeholders:
- Employees
- Owners
- Company’s managers
External Stakeholders:
- Suppliers
- Customers
- Society
- Stockholders
- Government institutions
While internal stakeholders are people or organizations that have a direct, sometimes financial, interest in how a company or project is run, as the project’s and the company’s performance directly affects their financial and professional well-being, they have the largest stake in its success, the people and organizations that are impacted by an organization’s activities but do not directly work with it are known as external stakeholders.
Not every stakeholder has the same goals about how to handle business and what to achive. The owners may not want to increase salaries, even though it is what the workers demand, or for example customer interests may be compromised if product owners see enhancing it as being too expensive.
Latest news about Stakeholders
- Ethereum’s DeFi ecosystem has seen a record-breaking ETH staking rate of 15.9 million ETH, representing over 13% of the total ETH supply. This indicates an increasing number of users participating in the DeFi ecosystem, indicating the commitment of investors in the future of decentralized finance. The high staking rate is a positive signal for the DeFi industry, as it indicates a steady increase in active addresses and users joining the network. This growth and development era signifies Ethereum’s continued success as a leading project in the DeFi space, with more users recognizing its potential.
- Tom Brady, a legendary NFL quarterback is also involved with the FTX bitcoin exchange and shares articles about cryptocurrencies. Despite initial speculation of playing until 2024, Brady announced his retirement at 44. He will likely appear in FTX advertisements at Super Bowl LVI and may continue to support the NFT platform Autograph, which raised $170 million in January 2022.
FAQ
While investors specifically refer to individuals or entities that provide capital (usually in the form of money) with the expectation of financial returns, stakeholders are a broader range of individuals, groups, or entities who have an interest or concern in a project, organization, or system.
While not all stakeholders need possess ownership in a firm or organization, stakeholders can do so.
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About The Author
Viktoriia is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Viktoriia is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
