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What are stakeholder claims?

Updated: 9/14/2023
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Wiki User

9y ago

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A stakeholder is any person who affects or is affected by the activities of an organisation.

A claim is the outcome that the stakeholder seeks or the outcome which would benefit

the stakeholder most or harm it least

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Dzunisani Mutarini

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3y ago
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9y ago

Stakeholder claims are claims or investments that a person or organization has in a company. Shareholders and creditors can be stakeholders in a business.

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By the end of this section, you will be able to: Identify the factors that affect stakeholder prioritization Explain why priorities will vary based upon the interest and power of the stakeholder Describe how to prioritize stakeholder claims, particularly when they conflict If we carry the idea of stakeholder to the extreme, every person is a stakeholder of every company. The first step in stakeholder management, the process of accurately assessing stakeholder claims so an organization can manage them effectively, is therefore to define and prioritize stakeholders significant to the firm. Then, it must consider their claims. Given that there are numerous types of stakeholders, how do managers balance these claims? Ethically, no group should be treated better than another, and managers should respond to as many stakeholders as possible. However, time and resource limitations require organizations to prioritize claims as stakeholder needs rise and fall.


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