✌️✌️Briefly Define stakeholders✌️✌️
Answers
Answer:
A stakeholder is any person, organization, social group, or society at large that has a stake in the business. Thus, stakeholders can be internal or external to the business. A stake is a vital interest in the business or its activities. It can include ownership and property interests, legal interests and obligations, and moral rights. A legal obligation may be the duty to pay wages or to honor contracts. A moral right may include the right of a consumer not to be intentionally harmed by business activities. Stakeholders can:
Affect a business
Be affected by a business
Be both affected by a business and affect a business
A stakeholder is often contrasted against a shareholder, which has an ownership interest in the business. R. Edward Freeman and his book Strategic Management: A Stakeholder Approach (1984) has had a major influence on stakeholder theory.
The concept of a stakeholder does have moral and ethical implications for business governance. If a business only has a duty to its shareholders, then the business may have no moral obligations to any other person, organization or society. On the other hand, if a business has a duty to its stakeholders, then a business must take into account the interests of its stakeholders as well and not focus completely on maximizing the interests of its owners.
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Answer:
stakeholders are the person who lives in forest and around it