Which of the following are considered stakeholders of a firm quizlet?

A stakeholder is: Any person or entity other than a stockholder or creditor who potentially has a claim on the cash flows of a firm.

Who are the 5 main stakeholders in a business?

There are many examples of stakeholders in a business project:
  • Customers. The customer is a primary stakeholder, which is an entity that is directly linked to the company and its economic success. …
  • Employees. …
  • Governments. …
  • Investors and shareholders. …
  • Local communities. …
  • Suppliers and vendors.

What are the 4 stakeholders?

Common examples of stakeholders include employees, customers, shareholdersStockholders EquityStockholders Equity (also known as Shareholders Equity) is an account on a company’s balance sheet that consists of share capital plus, suppliers, communities, and governments.

What are the 3 main stakeholders?

As a general rule, stakeholder priority can be divided into three levels. The first and most important comprises employees, customers, and investors, without whom the business will not be able to operate. Secondary to them are suppliers, community groups and media influencers.

Who are the main stakeholders in a business?

Who are a company’s most important stakeholders?
  • Customers. Peter Drucker defined the purpose of a company as this; to create customers. …
  • Employees. …
  • Shareholders. …
  • Suppliers, distributors and other business partners. …
  • The local community. …
  • National Government and regulatory authorities.

What are primary stakeholders examples?

Examples of primary stakeholders include shareholders, employees, customers, suppliers, vendors and business partners.

What are examples of internal stakeholders?

Internal stakeholders include employees, owners, shareholders, and managers. They are simply anyone within the organization. By contrast, external stakeholders include suppliers, governments, customers, trade unions, and creditors.

What are examples of external stakeholders?

Examples of external stakeholders are customers, suppliers, creditors, the local community, society, and the government. Customers want the business to produce quality products at reasonable prices.

Who is a secondary stakeholder?

What is a secondary stakeholder? Secondary stakeholders are those individuals, groups or entities that are invested in the social transactions of an organization. Typically, secondary stakeholders are not directly involved with the financial dealings of an organization.

Who are the stakeholders in a project?

Stakeholders are those with an interest in your project’s outcome. They are typically the members of a project team, project managers, executives, project sponsors, customers, and users.

How do you identify stakeholders in a business?

Here’s how to create a stakeholder list:
  1. Analyze the project documentation. Look for people, groups, departments, customers, and project team members affected by the project. …
  2. Pull project team members together to brainstorm about other affected parties that aren’t included in the documentation.
  3. Make a stakeholder list.

Who are tertiary stakeholders?

Tertiary stakeholders are external actors who neither make business decisions nor benefit directly from the operations or products of the business — but nonetheless have the ability to influence these decisions.

Who are stakeholders in a community?

Who are community stakeholders? They are generally defined as people, groups, organizations or businesses that have interest or concern in the community. Stakeholders can affect or be affected by the community’s actions, objectives and policies.

Why are stakeholders important to a firm?

Create sustainable change – Engaged stakeholders help inform decisions and provide the support you need for long-term sustainability. Build relationships – Create mutually beneficial relationships, build on existing relationships or foster new ones.

Are beneficiaries primary stakeholders?

Primary stakeholders – they are the individuals or groups that either directly benefits or are negatively impacted by the process. They are the beneficiaries or the main target of your project.

How do you identify primary and secondary stakeholders?

Primary stakeholders are those who have a direct interest in your organisation, whereas secondary stakeholders have an indirect association or benefit. If you have clear, concise plans of how to address each of your key stakeholder segments, you will ensure your organisation is continuously affirming your relevance.

Are suppliers secondary stakeholders?

Primary stakeholders are people or entities that participate in direct economic transactions with an organization. Examples of primary stakeholders are employees, customers and suppliers. Secondary stakeholders are people or entities that do not engage in direct economic transactions with the company.

Who are the beneficiaries and stakeholders?

As nouns the difference between stakeholder and beneficiary

is that stakeholder is a person holding the stakes of bettors, with the responsibility of delivering the pot to the winner of the bet while beneficiary is one who benefits or receives an advantage.

What are economic stakeholders?

Stakeholders are groups of people who are involved or affected by a particular business. The main stakeholders of a business are: Shareholders – people who own shares in the company. Employees – workers employed by the company.

What is meant by stakeholders?

The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an “individual or group that has an interest in any decision or activity of an organization.”

Who are the major stakeholders and beneficiaries of a project?

(1) Stakeholders: Individuals or organizations who may directly or indirectly, positively or negatively affect or be affected by the activities of a proposed intervention package. (2) Beneficiaries: Those who are benefited from the project either directly or indirectly.