Introduction to stakeholders
Let's start with a definition of stakeholders, which are:
Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business
Most businesses have a variety of stakeholder groups which can be broadly categorised as follows:
Stakeholder groups vary both in terms of their interest in the business activities and also their power to influence business decisions. Here is a useful summary:
Have you seen the tutor2u YouTube channel? Subscribe now and never miss a revision video!