Definition of Stakeholder:
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
A person, group or organization that has interest or concern in an organization.
Stakeholders can affect or be affected by the organizations actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
Not all stakeholders are equal. A companys customers are entitled to fair trading practices but they are not entitled to the same consideration as the companys employees.
An example of a negative impact on stakeholders is when a company needs to cut costs and plans a round of layoffs. This negatively affects the community of workers in the area and therefore the local economy. Someone owning shares in a business such as Microsoft is positively affected, for example, when the company releases a new device and sees their profit and therefore stock price rise.
See also corporate governance.
A person with an interest or concern in something, especially a business.
Stakeholders can be internal or external. Internal stakeholders are people whose interest in a company comes through a direct relationship, such as employment, ownership or investment. External stakeholders are those people who do not directly work with a company but are affected in some way by the actions and outcomes of said business. Suppliers, creditors and public groups are all considered external stakeholders.
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers. However, the modern theory of the idea goes beyond this original notion to include additional stakeholders such as a community, government or trade association.
How to use Stakeholder in a sentence?
- Working in public relations we tend to focus our efforts to protect our client who is an important stakeholder to our company.
- You may want to be a stakeholder in an up and coming organization if you think that it may hit it really big.
- Bill being a stakeholder in both Hitchcocks Pistols and Hitchcocks Tombstones was considered by many of the townsfolk to be a clear conflict of interest.
- The statute permits a gambling ‘loser’ or other permitted plaintiff to recover from ‘a winner, depositary or stakeholder’ money lost by a ‘wager, bet or stake.’.
- The body should also have regional networks in order to accommodate greater interests among stakeholders.
Meaning of Stakeholder & Stakeholder Definition