What is a Stakeholder?

What is a stakeholder and stakeholder theory? This video looks at the definition, primary and secondary stakeholders, and suggests practical uses for leaders. The video contrasts stakeholders vs shareholders or stockholders and looks the role stakeholders play in the overall success of an organization,

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[sumbulkiroglu]

Think of a planning process like a play in a theater. Stockholders are like those seated in the front row - important and with a clear view, but they're just a small part of the audience. On the other hand, stakeholders are everyone in the theater: they're not just in every seat, filling the hall, but they're also part of the cast on stage, actively contributing to the performance. At the end of the play, the applause from the investors in the front row might be noticeable, but it's the resounding applause from the entire hall, and from all the stakeholders, that truly brings energy and life to the theater. This is the true essence of a business - where every stakeholder, not just stockholders, plays a vital role and contributes to its overall success.

[sammiuddinsamim]

Your information about stakeholders and shareholders is very clear and helpful. Thank you so much.

[rubenloperagomez]

Thank you very much for your explanation about the difference between Stockholder and Stakeholder...

[marcosj.scholz]

Thanks for your presentation. It was amazing. I was really confused about what a stakeholder really is and you opened my mind. Now I realize that I had a correct sense of the true meaning of a stakeholder and did not know it, because I have always worked this way as a leader. It is a difficult task because many times, people in organizations refuse to believe that everyone has an important role in the project. Thank you again.

[barborakuchtova]

1)value of stakeholder - It is a business concept that companies use to create the best possible levels of return for their stakeholders
2)value of stockholder - Given to stockholders in a company based on the firm’s ability to grow profits over time
3)What is a stakeholder - is a person or group with an interest in a enterprice
4)What is a stockholder - is a person, company or other entity that owns any amount of a company’s stock

[JeffBarberDigideus]

I was asked the question about defining stakeholders in an interview for an IT management role, and although I knew what the definition of a stakeholder was, It's not immediately obvious why this was relevant to the role, however after looking into just this sort of definition of Stakeholders and putting it into the context of modern business practices, it's becoming more and more essential to understand the broader state of the business or industry you work in. Realizing that in this age of business modeling, where an organization defines the functions of its business as "services", "Platforms" and "infrastructure" as a service to the organization, knowing and identifying how those things interact with your function in the company is an essential way to define the concepts of your role, regardless of your vocation

[serkangul]

I’m new student and this video is really useful for me. Thanks

[amazinggood]

Shareholders are always stakeholders in a corporation, but stakeholders are not always shareholders. A shareholder owns a stake in a public company through stock, while a shareholder has an interest in the company's performance for reasons other than stock performance or price appreciation. These reasons often mean that the stakeholder has a greater need for the company to succeed in the long term.

[vuyisekajikwana]

A very good explanation, I also had little knowledge about stakeholders, but now that you've explained, it is much clear that, there will be no successful business or there wil be no good results without a good deal stakeholder.

[xuan]

Awesome explanation. More details than other videos on YouTube.

[sarahpietsch]

I am working in the communities disability field and your explanation of who / what a stockholder is to an organization and then thinking about stakeholders as investors into the organization helped me see their value and what my responsibility is to stakeholders and ways to reach them, increase their interest/stake in the business by building good relationships/collaborating and creating a give/take relationship.

[simonzajicek]

Stockholders are shareholders but it is not every time the same. Stockholder is basically any person that is interested in financial success of organization, it is investor. Shareholders are those people that are not interested only in financial success but in overall success of an organization, this incudes many more types of people. This has a part in the fact that shareholders have many times more interest/need for the company/organization to be successful for longer time.

[lotus_]

Stakeholders encompass all individuals or groups who have a vested interest in the performance of the business. It is vital that organizations build healthy and balanced relationships with their stakeholders, as their level of authenticity is determined by how well they meet their stakeholders' demands. A shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation.

[dominikvit]

I mean both stakeholders and share/stockholders are essential. Stakeholders because they are the infrastructure of the whole business stakeholders are clients, workers, or people that are in any way affected by the business and shareholders because they supply the cash flow to the company. So yes I do see some value in prioritizing stakeholders rather than stockholders, because if your stakeholders are not happy your company might fail and go bankrupt, so to avoid that from happening you should always try and keep both sides satisfied.

[mohdaidilazhar]

stakeholder as you said is more general meaning than the stockholder. Stockholder is one main point in the stakeholder. We cannot deny the important of stakeholder because we live in a community. A business organization did not stand alone in doing business activity. For example, an organization who manufacturing cars to people need is connecting with Department of Road Transport (government), the business must comply with the rules by that Department to ensure safety to the people who buy their cars. Thus, an organization must have their CSR (Community Social Responsibility) activities.

[stevefoxpoetry]

Hey Alex, this video is fantastic. The value that I see in the stakeholder versus the stockholder is that the stakeholder theory is wholistic. Of course I have to think about the investors and external members but now I have to thinki about EVERYONE touched by the organization and/or project. It’s really big picture thinking. For example: I am currently writing a case study about a commemorative plaza we built in Memphis, Tennessee. The plaza is connected to the assassination of Dr. Martin Luther King, Jr. and the 1968 Memphis Sanitation Workers strike. When I got the call to participate in this, I had a lot going on and jumped on board as the commissioned poet; a purely creative role. As I began to uncover the stakeholders: government, external members and others, I saw how I was standing right in the middle of this $1.6 million dollar project but was invisible. Hindsight being 20/20, I am now able to see the true value of the stakeholder theory in relation to this project. It’s quite amazing because now I am using this case study to build my very own consulting business with tried and true tools. Thanks so much for sharing this.

[q-dee]

Thank you so much for this video and its really informative, and to your question thinking about stakeholder over stokeholder gives an extensive room for improving how to relate with every individual involved in the working process of an organization or project to achieve a more profound result and not only focusing on the investors alone. Applying this approach will definitely impact the success of a project or an organization in the long run

[mohammedhaymour]

Hello Alex!
I am a student in Italy in Economy and Management and I've been trying to fully understand what is the main difference between stockholders and stakeholders and I believe that the brief and efficient explanation that you gave is perfect regarding the mentioned subject.
Thank you for creating this video.
You gained a new sub 😉👍

[jenifersanchez]

As a construction project manager, I used to see my clients as the most important stakeholders and I would put the contractors at the bottom of the list or maybe not even there at all. I guess my approach was more of a project manager than a business owner. After watching this video I can clearly see where I have been acting accordingly and I haven’t. My relationship with the building Department and Planning departments have been important but again, not my main stakeholders. I can see where I can implement my project managements skills by acknowledging who my stakeholders are for each project.

[shahabmesgarzade]

Steak holder is a wider view of different parties involves with organisations rather than only focusing at financial view. It can provide us comprehensive perspective of different involved roles in an organisation and obviously their impact which will lead to define development, this is my point of view as a student of international Business Management :).