Stakeholders refer to any individuals or groups who have an interest in or are affected by the activities of a business or organization. This can include shareholders, employees, customers, suppliers, government agencies, and members of the local community.
Stakeholders can have different interests in a business or organization. For example, shareholders may be primarily interested in the financial performance of the company and the return on their investment, while employees may be interested in job security, fair compensation, and a safe and healthy work environment.
Customers may be interested in the quality and affordability of the products or services they receive, while suppliers may be interested in ensuring a stable and reliable customer base.