Are competitors stakeholders?

Understand the Problem

The question is asking whether competitors in a business context can be considered stakeholders, which involves understanding the definition of stakeholders and the role that competitors play in the market.

More Information

Competitors are generally considered secondary or external stakeholders because they can influence and are affected by a company's market positioning and success.

Tips

Competitors may not be directly involved in daily operations but can still affect strategic decisions.

Sources

• Competitors: Competitors are secondary stakeholders - roadmunk.com
• Competitors and Suppliers - Penn State World Campus - courses.worldcampus.psu.edu
• Competitors as stakeholders - marketinghandbook.blogspot.com