What Are the Roles of Stakeholders in a Business Organization?

Hello and welcome to our video on the roles of stakeholders in a business organization. In any organization, stakeholders play a vital role in ensuring the success and sustainability of the business.

Internal stakeholders, such as employees, management, and shareholders, are directly involved in the day-to-day operations and decision-making process of the company. On the other hand, external stakeholders, such as customers, suppliers, and regulators, have an indirect impact on the organization's success.

Stakeholders are involved in decision-making processes that can have a significant impact on the company's operations, finances, and reputation. They have the power to bring new ideas to the table, identify new opportunities for growth and success, and monitor the company's compliance with legal and ethical standards.

Stakeholders also act as representatives of the company and help promote its brand, products, and services. They can provide valuable feedback and suggestions to improve the company's performance and overall success.

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