Question
Internal stakeholders are individuals or groups within an organization, such as employees, managers, or owners, who are directly involved in its operations and decision-making processes. They have a direct stake in the organization's success. On the other hand, external stakeholders are entities outside the organization, like customers, suppliers, investors, the government, and the public. They may not be directly involved in the organization's day-to-day operations, but they can be significantly affected by the organization's decisions and actions.
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As opposed to internal stakeholders, external stakeholders are those who aren't directly involved with the organization, but their preferences and reactions to the organization's business decisions and trajectory can sometimes be very influential. On a macro level, this could be the government, as it has the capability to pass rules and regulations that directly affect the company, advocacy groups to promote or denounce the company, media organizations and how they portray the company, or social communities that are locally or internationally engaged.
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