External stakeholders are all those who have a vested interest in the organization but who are not internally linked to the company. Examples of external stakeholders include:SuppliersHuman resources (i.e. business schools, or schools in general where the organization would recruit from, and service providers)Financial resource providers (banks)Technology providers (universities, research firms, etc)It also includes regulatory sets, such as governments, standard setters (Union, safety officials, professional/industry association) and Non Governmental associations.The customer set, including customers and local communitiesThe media (a very big and influential stakeholder!
A public companies stakeholders can include employees, customers, the government and investors. Each of these groups would be affected by any decisions the company makes.
Secondary stakeholders also are important because they often can be primary stakeholders, too. For instance, people who live in the vicinity of a company care about the company's effects on the local environment and economy. However, those same people may be employed by the company or own stock in it, so they have a direct financial interest in it. Conversely, they can impact the company financially by pulling out their investments in it.
An open system company is characterized by its ability to interact and exchange information, resources, and ideas with external entities, including customers, suppliers, and other stakeholders. This type of company embraces transparency, collaboration, and adaptability, allowing it to respond effectively to changes in the market and leverage external innovations. Open system companies often prioritize customer feedback and engagement, fostering a culture of continuous improvement and innovation.
The main stakeholders in a private limited company include the owners or shareholders, who invest capital and seek returns on their investment; the board of directors, responsible for strategic decision-making and governance; employees, who contribute to the company's operations and success; and customers, who drive revenue through their purchases. Additionally, suppliers and creditors are also key stakeholders, as they provide essential resources and financing. Each stakeholder group has a vested interest in the company's performance and sustainability.
Generally, stakeholders are external. If an employee is at the same time a stakeholder of the company he works for, then he is both internal and external.
There are two type of stakeholders which are internal stakeholders and external stakeholders. Thank you
No, government and creditor are the external stakeholders.
Apple's external stakeholders include customers, suppliers, investors, regulators, and the community, as they are impacted by the company's operations and performance. Internal stakeholders consist of employees, management, and board members who are directly involved in the company’s decision-making processes and day-to-day operations. These groups have varying interests, ranging from profit and product quality to job security and corporate governance. Balancing the needs of both internal and external stakeholders is crucial for Apple's long-term success.
external stakeholders of a business are government, local, community, pressure, groups and the media.
External stakeholders are persons or groups outside of a business that own shares in the organization. External stakeholders of KFC would be any shareholder that does not work for the company.
James Madison
Types of listening that would be required with internal and external stakeholders?
The external stakeholders in banking industry are : Customers,supplier,creditor, other banking and financing institutions, and the society and environment.
Stakeholders are people who have a vested interest in the company. Internal stakeholders include Employees, Managers, Owners/Shareholders. They are all effected by wages and job stability. Managers may get bonuses so they want the business to be very successful. Owners/Shareholders want the best for the company so they make more money. They work for the busines directly and if something happens to the company they will be effected. External stakeholders include Customers, Suppliers, Government. They are involved with the company but not employed directly by the company. Customers are interested in prices and quality of the product. Suppliers are intersted in the success and stability of the company so they can ensure they will have a customer in the future. The Government is interested as company's (especially large ones) pay taxes and emply people.
Internal stakeholders are employees, Directors,Managers, Shareholers and trustees. while external stakeholders include Funders, Suppliers, Customers/Clients and posibly competitors
The stakeholders that are the most important are the ones that hold controlling interests in a company. These stakeholders can change the makeup of a company.