Entities and people invested in and influential in the success of an organization are stakeholders. A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it.
Any person, group of people, or other organisation that is interested in the operations of a corporation is considered a stakeholder. Stakeholders are important for businesses to understand because many of them will be impacted by their actions. The choices that a company makes might also be impacted by stakeholders. A stakeholder has an interest in a firm and has the potential to influence or be affected by its operations and performance.
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