Stakeholders in Commercial Organisations

Stakeholders in Commercial Organisations

• Stakeholders' expectations and needs are important aspects for a commercial organisation to consider, as they can impact the organisation's reputation and success.
• The role of a stakeholder in a commercial organisation is to contribute to the organisation's success or be affected by its actions, and can include investors, customers, employees, suppliers, and the wider community.

Stakeholder Risks and Influence

• A potential risk related to stakeholders in a commercial organisation is that their expectations and needs may not be met, leading to negative consequences such as loss of business or damage to reputation.
• Stakeholders in a commercial organisation typically influence decision-making through active engagement, such as providing feedback, participating in consultations, or holding positions on the board of directors.

Learn about the role and influence of stakeholders in commercial organisations, as well as the important aspects and potential risks they need to consider. Explore how stakeholders typically influence decision-making in this context.