Why is it important to classify stakeholders?
Posted: Sun Mar 16, 2025 10:43 am
Customers
A business doesn't exist without customers. Customers purchase a company's products or services and expect them to be of high quality and at a fair price. Meeting their needs is extremely important to ensure the success of any business.
Businesses are strongly connected to the local communities in which they are located, influencing overseas chinese database multiple aspects such as job creation, economic development, safety, and health. In some industries, there is also a potential impact on health, as they may use materials or processes that can disrupt the environment.
Governments
By collecting taxes from businesses and the people they employ, governments are clearly interested. They benefit from the overall gross domestic product (GDP) to which businesses contribute.
Media
The media has the power to shape public opinion about a company.
Identifying the most important stakeholders isn't easy. Each organization might tend to align its strategy with the desires of one or another stakeholder. Today, however, if people want a compass, they should read the words of Alibaba CEO Jack Ma.
A business doesn't exist without customers. Customers purchase a company's products or services and expect them to be of high quality and at a fair price. Meeting their needs is extremely important to ensure the success of any business.
Businesses are strongly connected to the local communities in which they are located, influencing overseas chinese database multiple aspects such as job creation, economic development, safety, and health. In some industries, there is also a potential impact on health, as they may use materials or processes that can disrupt the environment.
Governments
By collecting taxes from businesses and the people they employ, governments are clearly interested. They benefit from the overall gross domestic product (GDP) to which businesses contribute.
Media
The media has the power to shape public opinion about a company.
Identifying the most important stakeholders isn't easy. Each organization might tend to align its strategy with the desires of one or another stakeholder. Today, however, if people want a compass, they should read the words of Alibaba CEO Jack Ma.