stakeholder


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Related to stakeholder: Stakeholder Management

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.

stakeholder

Any party that has an interest in an organization. Stakeholders of a company include stockholders, bondholders, customers, suppliers, employees, and so forth.

stakeholder

someone having an interest or stake in the operations and performance of a firm. Shareholders in a company have an interest in so far as they have invested money in the company and look for a return on that investment in the form of dividends and share appreciation. Employees have a stake since they work in the firm and are dependent on the firm for their jobs and incomes. Customers have a stake since they buy products from the firm and require a stable supply of products that are safe, effective and affordable. Suppliers have a stake as providers of raw materials and services. Finally the broader community has a stake in the firm and looks to the firm to behave as a ‘good citizen’ who will avoid polluting the environment and will help in solving community problems such as inner city decay etc.

Until recent years managers were expected to run companies largely in the interests of shareholders; however in recent years firms have been urged to adopt broader responsibilities to all stakeholders.

See CORPORATE SOCIAL RESPONSIBILITY, CORPORATE GOVERNANCE.

stakeholder

someone who has an interest or stake in an organization. In a JOINT-STOCK COMPANY stakeholders include:
  1. shareholders, who expect reasonable returns on their investment (dividends and share appreciation);
  2. employees, who expect good wages, job security and working conditions;
  3. customers, who expect good-quality products at reasonable prices;
  4. suppliers, who expect regular orders and prompt payment;
  5. the community, which expects companies to pay taxes and curb their pollution.

Discussions of CORPORATE GOVERNANCE have tended to emphasize the responsibility of salaried managers to act as AGENTS of the shareholders who own the business. By contrast, stakeholder advocates stress the multiple responsibilities of a company and its managers to all stakeholder groups and the need for companies to accept SOCIAL RESPONSIBILITY for their actions. See FIRM OBJECTIVES.

stakeholder

Anyone who might be affected by a decision;anyone who has a “stake”in the outcome of a situation. Local government decisions are typically made with reference to the stakeholders in the community,which could include nearby property owners,employers,employees,tenants,lenders, and community service programs.

References in periodicals archive ?
In projects financed by the IDB, stakeholder consultation is primarily the responsibility of the borrower through the implementing agency for the project, but the IDB has a complementary role throughout the project cycle, to explain, advise and provide support.
Getting things right with stakeholders is key to success for development projects.
This finding is very similar to the verdict of CFO and finance stakeholders (as reported in our 2014 and 2015 reports) and in line with CPOs who report top-quartile ROSMA performance.
Procurement Leaders and Leaners have stakeholders who know what good looks like (evaluating by types of capabilities, mix, scale and results), and have great procurement teams that match that profile and are recognized and celebrated.
Network position and perceptions of destination stakeholder importance.
This last thought, that following stakeholder precepts is associated with both good management and higher financial performance, at this point is nearly irrefutable.
This represents a valuable opportunity to gain perspective and insights into the values and interests of the stakeholder, but it also provides an opportunity for both parties to discuss their visions and goals for the project and get a first glimpse into how easy it will be to align these goals for program success (Step 3).
Initial identification of relevant stakeholder groups of colleges was done through a glossary entry topic of foreign specialized literature, research reports as well as scientific papers.
De acordo com Freeman (1984), a gestao dos stakeholders como um conceito, refere-se a necessidade de uma organizacao gerenciar as relacoes com seus especificos grupos de stakeholder por meio de uma acao orientada.
For clearing a key stakeholder, an impurity function is selected to measure the selection of attributes of the key stakeholder.
On changes in customs tariff rates, the stakeholders have been asked to propose existing rate of duty during the fiscal year 2017-18 and thereby suggest new rates for FY 2018-19 by giving justification and rational for the change.