Stakeholders Business Responsibilities
Stakeholders Business Responsibilities in Nigeria | In business, a stakeholder is usually an investor in your company whose actions determine the outcome of your business decisions. Stakeholders don’t have to be equity shareholders. They can also be your employees, who have a stake in your company’s success and incentive for your products to succeed. They can be business partners, who rely on your success to keep the supply chain going. Every business takes a different approach to stakeholders. The roles of stakeholders differ between businesses, dependent on the rules and responsibilities laid out at the founding of your company or as your business evolved over the years. The most common definition of a stakeholder, however, is a large investor that has the clout to hold a viable “stake” in your company.