Who is a Stakeholder or What is stakeholder?

Anyone or everyone who is affected by the actions of a business or an organization is a stakeholder for the organization. Stakeholders are people without whom the organization might never exist.

Let’s see the types of stakeholders and how does the company benefit them

Government-The company helps a location in its growth, this in turn helps the government as it pays taxes to the government, pays VAT, follows legislation, creates employment opportunities, reports truthfully to the state government, etc.

Employees-The employees of the company earn their bread and butter from the company, the company rates their wages or their salaries, gives them job security, compensates for their jobs and loyalties, all this gives the employees respect and a fair communication opportunity.

 Customers-The customers of the company earn value for their money when they buy the organization's goods and services, they spend for the quality of the products they want, the company also gives them good service and ethical products. So yes, even customers are a part of the stakeholders of the company.

 Suppliers-Suppliers are people or smaller companies who provide raw material to the company and the result of these raw materials are the finished goods that they supply to the customers. The company provides business opportunities to these suppliers; which in turn creates employment for the suppliers and his people.

 Creditors-The company benefits creditors with their credit scores, their new contracts and liquidity.

 Community-For a community a company or an organization provides job opportunities, involvements, protection to the environment, share of the company listed or not listed, along with truthful communication.

 Trade Unions-The concern of a trade union is providing qualitative work atmosphere, protection for workers, and job opportunities for people.

Owners-The owners of the company are concerned with the profit making ratios of the company, longevity of the company, its market share and position, its succession planning, capital raising, its social goals and the growth of the company.

 Investors-The investors put in their money hence they will only be concerned with the returns they receive on their investments and how much they earn through their investments.