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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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Does a Shareholder view of ethics suggest that you retain mission critical people at the expense of less critical employees?

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.


What is the history of the term stakeholder?

From old practice of land claims, mineral rights, etc., where one placed a (wooden) stake to delineate the boundary of a claim of a property right.


Difference between customer and stakeholder?

stakeholder customer


Components of the tourism stakeholder system?

components of the tourism stakeholder system


What is project stakeholder management?

A stakeholder - is a person who has invested money in something.


Stakeholder of mutual fund?

A stakeholder of a mutual fund is someone who has interest in it.


What is connected stakeholder?

Connected Stakeholder are directly connected with business organisations.


What is a non-market stakeholder?

A stakeholder that does not engage in direct economic exchange with a company, but is affected by or can affect its actions. (Also called a secondary stakeholder.) An example are NGO's.


What is a non market stakeholder?

A stakeholder that does not engage in direct economic exchange with a company, but is affected by or can affect its actions. (Also called a secondary stakeholder.) An example are NGO's.


Who are the stakeholder of the project management in Nepal?

Stakeholder are people who have an interest in company or organization's affairs.


What are the Examples of a stakeholder?

A stakeholder is an individual or group of people who have an interest in a business. Some stakeholders are stockholders, employees, customers, the community or society in which the company operates, etc. Sometimes, even the government can be a stakeholder. Anyone that has a "stake" in the company is a stakeholder basically.


What is princlples for stakeholder cooperation?

Transparency, accountability, fairness, and responsibility are all principles for stakeholder cooperation.