Post by account_disabled on Mar 6, 2024 6:30:12 GMT
The management of stakeholders or interest groups has become a key element for the success of companies in recent decades . Without going any further, Don Tapscott, CEO of The Tapscott Group and expert in business strategy , organizational transformation and the role of technology in business, states that : “In an era when everything and everyone is connected through networks of glass and air, no one—no company, organization, government agency, or country—is isolated. Therefore, if you want to create value for shareholders, you have to do the right thing with all stakeholders . And one thing is clear: no organization can succeed in a world that fails.” For this reason, it is essential to create a strategy that allows you to adequately manage relationships with the stakeholders that surround a company. Do you want to know more about stakeholders? Below, we tell you everything you need to know.
What are the stakeholders or interest groups of a company? The concept of stakeholders was coined by the American philosopher and professor of business administration Robert Edward. In fact, in his book Strategic Management: A Stakeholder Approach , published in 1984, he defined the concept of stakeholders or interest groups as “any Europe Mobile Number List individual or organization that, in some way, is impacted by the actions of a certain company.” Likewise, a group of researchers from Wharton University in Pennsylvania, in their action-oriented Stakeholder-Based Business Management theory, maintains that stakeholders are “those groups or individuals who can influence the achievement of an organization's objectives.” organization or be affected by it. In short, from both definitions, we can establish that stakeholders or interest groups are those actors that have some type of relationship with a company ; so that any of the company's strategic decisions can affect them directly or indirectly.
The other hand, stakeholders should not be confused with shareholders , since the latter are the shareholders of a company . In this way, shareholders are one of the stakeholders or interest groups of a company, although they are not the only ones, given that there are more types of relationships that are also classified as stakeholders and that, in turn, have an important effect on the growth and well-being of an organization. stakeholders What types of stakeholders exist? The truth is that a company establishes different relationships with each of its actors to guarantee the normal functioning of the organization. Therefore, taking this into account, there are different types of stakeholders . In this sense, they are basically classified into two groups: internal or external stakeholders and primary or secondary stakeholders. Internal or external stakeholders In this group, stakeholders are classified according to the relationship they have with the company . On the one hand, internal stakeholders have a very close relationship with the organization and are part of it. Some of the internal stakeholders are the following: Owners Managers Investors Employees On the other hand, external stakeholders are outside the company and are not part of it.