Stakeholders are individuals or groups with an interest in a business, including both internal (employees, investors, managers) and external parties (customers, suppliers, governments). Engaging with stakeholders is crucial for understanding their concerns, building support, mitigating risks, and ensuring projects align with their needs. This engagement ultimately influences business decisions and outcomes.

1. Understanding
Business
Stakeholders

2. What are Stakeholders?
 Stakeholders are individuals or groups who have an interest in a business.
 They can be internal or external to the organization.
 Stakeholders influence the decisions, activities, and outcomes of a
business or project.

3. Types of Stakeholders
 Internal Stakeholders
 External Stakeholders

4. Internal Stakeholders
Internal Stakeholders:
 Employees: Concerned with their income and job safety.
 Investors: Expect financial returns from a company.
 Managers: Focused on Business performance and growth.

5. External Stakeholders
External Stakeholders:
 Customers: Interested in product quality and value.
 Suppliers: Expect financial returns from a company.
 Governments: Collect Taxes and Benefit from GDP contributions
from the company.

6. Importance of Stakeholder
Engagement
• Understand stakeholder concerns and expectations
• Build support and mitigate risks
• Ensure project outcomes align with stakeholder needs

7. Thank You!