Stakeholders


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Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.

Stakeholders

All persons and institutions that have an interest in seeing a venture or company succeed. Stakeholders include shareholders, management, employees, the larger community, and even the government. While stakeholders may not have a direct financial holding in the company, they would still stand to benefit if the venture or company succeeds. For example, the local government may wish to see a company succeed because it provides tax revenue, even though the local government does not directly own any part of the company.
References in periodicals archive ?
In spite of the increasing interest in the concept of the stakeholders, the process of involvement of the stakeholders especially in the decision making process, and most of the time these problematic complications are underestimated [24-26].
his special issue contains two more empirical studies, in new contexts, that confirm the efficacy of managing for stakeholders in terms of both financial and social firm performance.
The highest ranking by all respondents was "managing stakeholders with social responsibilities (economic, legal, environmental and ethical)" (mean = 4.
For the Control Group and Experiment Group #1 in which the scenarios describe the lack of reciprocity norms, the participants were presented with the information describing the competitive nature of the stakeholder relationships in which the stakeholders (i.
The SA for 28 stakeholders on PIVIS project is presented in Fig.
Collaboratively developed plans are more likely to reflect the public interest because they gain support from a broad array of stakeholders and plans are more likely to be successfully implemented because they have the support of all key actors.
In order to create effective stakeholder management strategy it is needed to take into account the above characteristics of all stakeholders:
A good reputation has long constituted the universal standard that a company should strive to enhance and protect, but the data plainly demonstrates that confidence is a far more significant driver of stakeholder behavior," said Bob Knott, Senior Managing Director and Americas Head of the Corporate Communications practice at FTI Consulting.
Engaging with stakeholders is absolutely critical to the success of any program.
The interests and needs of this broad range of stakeholders impact the usefulness of each piece of data that is collected for each stakeholder group.
The Boards' primary stakeholders include preparers, auditors, and users of financial statements that are prepared in accordance with the Boards' standards.