Stakeholders are individuals or groups of persons who have some interest or stake in the business and generally work for the success of the organization or business.
- Owners - The owners of any business are the 1st set of stakeholders. They contribute capital or equity and have a say in the running of the business. Persons having a share in the equity of a company are known as shareholders.
- Employees - The next group of stakeholders in any business comprises its employees. Employees generally expect reasonable reward and incentive systems, career progression and job satisfaction.
- Customers - Customers expect the business to provide, efficient and high quality products and services.
- Community - The community within which a business operates, can be considered as another set of stakeholders.
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