Stakeholder group influence on organizations

Topic

Stakeholder group influence on organizations

Instructions

What are stakeholders? How do the three primary stakeholder groups influence organizations? What steps would you take to effectively communicate a strategic plan?

Answer preview

Stakeholders are a group of people or organization that has interest or concern in an organization. They can affect or be affected by the organization’s actions, objectives and policies. Stakeholders in an organization include creditors, directors, employees, government, owners who are the shareholders, suppliers, unions and the community from which the business draws its resources.

Word count: 316