Podcast
Questions and Answers
What are stakeholders in business and why are they important?
What are stakeholders in business and why are they important?
Stakeholders in business are the group of people or individuals who have an interest in the activities of the organization. They are important because they can directly or indirectly influence the success of the business.
How are stakeholders in a business categorized?
How are stakeholders in a business categorized?
Stakeholders in a business are categorized in three ways: internal or external, primary or secondary, and direct or indirect.
Give an example of an internal and external stakeholder in a business.
Give an example of an internal and external stakeholder in a business.
An internal stakeholder in a business could be an employee, while an external stakeholder could be a customer or a supplier.
