Who are Your Stakeholders?

Stakeholders are individuals or organizations with a direct or indirect interest in a business, project or entity. Stakeholders in a company exercise various levels of legal, economic, and political influence. They typically include the following:

Stakeholders may also include numerous business partners (e.g. distributors, wholesalers, retailers, suppliers, banks, creditors, insurers) and other entities, such as labor unions and competitors.

Sustainable organizations identify stakeholders that influence their business and communicate with them to promote ‘win-win’ relationships. Corporate transparency and accountability to stakeholders enables business to operate more effectively as well as make better strategic and tactical decisions.