different types of stake holders, stakeholder analysis, role nd importance of stakeholders

1. STAKEHOLDERS IN
BUSINESS

2. MEANING
• Stake holder is a person or group of people who own a share in a business.
• Stake holder may include employees, customers or citizens who are
involved in the organization and therefore has responsibilities towards it
and an interest in it its success.

3. STAKE HOLDER ANALYSIS
• Identify Your Stakeholders:
Start by brain storming who your stakeholders are. As a part of this, think of all the people
who are affected by your work, who have influence or power over it, or have interest in its successful
or unsuccessful conclusion.
NOTE: Stakeholders can be both organizations and people but ultimately you must communicate with
people. So be sure to identify the correct individual stakeholders within a stakeholder organization.

4. •Prioritize your Stakeholders:

5. • Understanding the Stakeholders:
You need to discover how your key stakeholders feel about your project.
You also need to work out how best to engage them, and how to
communicate with them.

6. TYPES OF STAKEHOLDERS IN BUSINESS

7. ROLE OF STAKEHOLDERS IN BUSINESS
• Voting and decision making:
Stakeholders may be responsible for voting
on significant changes in the business.
Stakeholders may intervene if the business is
performing unsatisfactory.
• Management:
Stakeholders can hold significant
management positions where they may
report directly to the president, CEO or chief
financial officer.

8. • Investing:
Stakeholders are responsible for reviewing
the financial data of the company to ensure
that the business is performing well and
that they are not losing their investment.
• Social and environmental
responsibilities:
Stakeholders must continuously ensure that
decisions they are making for the business are
doing little to not harm the society and the
environment.

9. • Financial Benefits:
Customers who believe in your company
and your offerings will support you with
their long-term business.
• Providing Expertise:
Stakeholders are equipped with a
wealth of knowledge on industry
insight, historical background and
current trends in the industry.

10. •Managerial Industrial Crisis:
Industrial crises involving emission of chemical substances from
industries to the environment are influencing the way governments regulate industries.

11. HOW DO SHAREHOLDERS INFLUENCE BUSINESS
• Internal Stakeholders:
The performance of a business directly affects the pocketbooks
of internal stakeholders, and management must consider the financial effects of its
activities on this group. Poor decisions hurt profitability, which reduces an owners
interest, employees opportunities for raises, bonuses and increased resources ,
board members liability and partners workloads.

12. • External Stakeholders:
Members of the business and local community want business
that benefit them to succeed. A business will be less likely to ship jobs out of town if
it means less cooperation from local and state governments when it comes to zoning
requests or tax breaks. Company management will continue to support local
charities if those non profits promote the business and refer business. Local and
trade media are more likely to give a business favourable media coverage if that
business buys advertising, provides information and sources for articles and supports
local charities

13. IMPORTANCE OF STAKEHOLDERS
• Long-term relationships:
when a company has a long-term relationship with its
stakeholders, it runs more efficiently and can have a better chance of producing profits.
• Feedback and Product Development:
Stakeholders can provide feedback during the entire product
development process, which can positively influence the products and/or the
company's success. In turn, a company can earn continued and new stakeholder loyalty

14. THANK YOU
Presented by:
Rakshitha. K
Rashmi. S
Sathyashree
Samriddhi Dani
Rahul
Bharath Kumar