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.
Answer
Yes
Yes, competitors are considered stakeholders.
Answer for screen readers
Yes, competitors are considered stakeholders.
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
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