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Stakeholders Definition and Explanation PDF | Download eBooks

Learn Stakeholders definition in supply chain management with explanation to study “What are Stakeholders”. Study stakeholders explanation with SCM terms to review supply chain management course for online MBA programs.

Stakeholders Definitions:

  1. Those with a vested interest in an organization, including customers, distributors, suppliers, owners, lenders, employees, and community members.

    Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson

  2. People and groups of people who have an interest in the operation and who may be influenced by, or influence, the operation's activities.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston

Stakeholders Explanation:

These are the persons, or groups that interests are interlinked with the organization. Stakeholders can be affected by the firm's policies, objectives and actions. The key stakeholders of the organizations are the board of directors, government agencies, employees, owners, communities, unions and key suppliers. All stakeholders of the company are not equal and it depends on the relation which they have with the firm. If something negative happens in the organization it directly affects all the stakeholders. There are two main types of stakeholders are internal and external. Internal includes investors and are greatly affected by the business outcome. External stakeholders are relatively harder to find because they don't have direct relation with the firm such as societies.

Stakeholders Explanation:

A partner is a gathering that has an enthusiasm for an organization and can either influence or be influenced by the business. The essential partners in a normal company are its financial specialists, representatives, clients and providers. Notwithstanding, the cutting edge hypothesis of the thought goes past this unique idea to incorporate extra partners, for example, a network, government or exchange affiliation. Partners can be inside or outer. Interior partners are individuals whose enthusiasm for an organization gets through an immediate relationship, for example, business, proprietorship or speculation. Outside partners are those individuals who don't legitimately work with an organization however are influenced somehow or another by the activities and results of said business. Providers, loan bosses and open gatherings are altogether viewed as outside partners.

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