Example of Stakeholders in a business include the people who have some sort of impact of the business’ finances, however small or large. These people can affect or can be affected by the actions of the organisation that they are affiliated with, or their policies or objectives.
Not all stakeholders are equal in a sense; their impact can vary from small to large and thus they can have a significant or minimal effect. They can be considered a stakeholder if they have relation to any of (but are not limited to) the ownership, property interest, legal interests and obligations of the organisation.
Using Sinnaps, project management software, as a project stakeholders example you can effectively assign stakeholders into the project as it has an intuitive and easy-to-understand interface. Through Sinnaps you can easily eliminate any difficulties you may have talking to, interacting with and informing the different example of stakeholders with projects that the organisation is currently undertaking, allowing you ensure that they stay informed and up-to-date with what is currently going on such as with stakeholders in construction.
List of Stakeholders in a Business
As mentioned before, someone can be considered a stakeholder if they have any effect on business that is related to but not limited to the:
- Ownership – which is the exclusive right to enjoy, occupy, posses, rent, sell, use, give away or even destroy an item or property. In relation to an organisation this means to be able to influence policies and the way it operates for example.
- Property Interest – this is the extent of a person or entity’s right in property. It relates to the percentage or time period of ownership and right of survivorship.
- Legal interests – This refers to the legally enforceable right to possess or use property.
- Obligation – This refers to liability or duty to do something or refrain from doing something.
It is important to note that stakeholder marketing involves making changes that maximise the benefit of all stakeholders (including customers).
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What is Stakeholder Engagement?
Who are Stakeholders of a Company
Who are the stakeholders of a company? Many different groups of people can be different example of stakeholders of the company, stakeholder groups can include creditors, directors, employees as stakeholders, government, owners (otherwise known as shareholders), suppliers as stakeholders, unions and of course the community from which the company draws the resources that it uses.
These are examples of stakeholders in a company External examples included means that the answer to the questions “are customers stakeholders” and “are competitors stakeholders” are both “yes”. Stakeholders in public health for example are management, partners, staff, funding agencies and coalition members.
Stakeholders in accounting information (internal) include employees, creditors, customers and supplies. The stakeholders in sport would be the public, government, event organisers, venue managers and players too.
Multi Stakeholder
Multi Stakeholder refers to the multi stakeholder governance model, sometimes referred to as a multi stakeholder initiative (MSI), is a governance structure that aims to bring different example of stakeholders together so that they can participate and communicate with one another, these would be good stakeholder feedback examples. Because, stakeholder engagement is particularly important to a project as its completion often depends on how stakeholders see the project.
This means they’ll engage in a dialogue, implement solutions to common problems or goals alongside decision making. Sinnaps, being an intuitive tool can easily help you to help discuss ideas and problems with the stakeholders you may have within your organisation allowing you to better work with them and reach more positive results.
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To summarise, there can be many different types of stakeholders and many different people can fall into this category. Alongside that, there are many ways people can have a stake in an organisation or business, and because of that each of them must be considered and understood.
High power lower stakeholder example will be mentioned as it’s relevant because stakeholders hold different levels of influence – recognising that is important. Employees may be considered low power compared to suppliers because suppliers have a much larger influence over the organisation.
