Stakeholders

Posted in Human Resource Terms, Total Reads: 1002
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Definition: Stakeholders

Any person with a vested interest in the organization is said to be a stakeholder. In a typical scenario, the stakeholders of any organization include:

  • The shareholders
  • Employees
  • Suppliers
  • Customers

More than often, there is always a conflict of interest between the various stakeholders. In order to maximize the shareholder value, the company might indulge in various cost cutting activities including reducing manpower cost.

This would make the employees unhappy even though this move would ensure the happiness of the investors. Therefore, any successful company aligns its operations in order to satisfy all its stakeholders to the extent possible.




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