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Stakeholder

Definitions and Meaning in English

1. A person, group, or organization that has an interest or concern in an enterprise, project, or decision, especially in terms of its outcomes or success.
2. A party involved in or affected by the actions, policies, or decisions of a business, government, or other organization.
3. Someone who holds a stake or share in an organization, typically in terms of financial investment or influence.

History and Origin

The term “stakeholder” originates from the idea of holding stakes (or shares) in a game or event, where participants have a vested interest in the outcome. The modern use of the term evolved in the 20th century, particularly in business and management contexts, to refer to anyone with an interest or stake in an organization or project. It was first used widely in the 1980s in the context of corporate governance and business ethics, signifying those affected by or influencing business decisions.

Detailed Explanation

A stakeholder is anyone who has an interest in a particular organization or project. This can include people or groups who are directly involved in or impacted by the activities or outcomes, whether they are employees, investors, customers, suppliers, government bodies, or even the local community. Stakeholders can be classified into two types: internal (such as employees, managers, and owners) and external (such as customers, suppliers, and regulatory agencies). Stakeholder management is crucial in decision-making processes, as their needs and concerns need to be balanced to achieve success and minimize negative impacts.

Example Sentences

1. The company held a meeting to address concerns raised by its stakeholders regarding the new policy.
2. Employees, customers, and investors are all key stakeholders in the business’s success.
3. The government works closely with stakeholders to ensure the project benefits the community.
4. The stakeholders of the non-profit organization gathered to discuss future initiatives.
5. We need to consider the stakeholders’ perspectives before finalizing the marketing strategy.
6. The board of directors is responsible for representing the interests of the company’s stakeholders.
7. The environmental impact of the construction project was a major concern for stakeholders in the community.
8. The project manager ensured all stakeholders were kept informed of the progress.
9. Investors are among the most influential stakeholders in a publicly traded company.

Synonyms with Short Explanation

1. Shareholder – A person who owns shares in a company, typically considered a key stakeholder.
2. Contributor – Someone who actively participates or adds value to a project or organization.
3. Partner – A person or group involved in a business venture or project with shared interests.
4. Investor – A person or organization that provides capital for a project or business, seeking returns.
5. Interested Party – Any individual or group with a direct or indirect interest in a decision or outcome.

Related Words with Short Explanation

1. Investor Relations – The management of communication between a company and its investors, focusing on stakeholder engagement.
2. Corporate Governance – The system of rules and practices that ensures a company operates in the best interest of its stakeholders.
3. Community Engagement – The process of involving local stakeholders in decisions that affect the community.
4. Ethics – Moral principles that guide the decisions made for or by stakeholders in an organization.
5. Advocacy – The act of supporting or arguing for the interests of stakeholders, especially in political or social issues.

More Matches with Short Explanation

1. Beneficiary – A person or group who receives benefits from a decision or project, often a key stakeholder.
2. Collaborator – A person or organization working jointly with others towards a common goal, often a stakeholder in the process.
3. Consultant – A professional who provides expert advice and plays a role as a stakeholder in business decisions.
4. Regulator – A body or individual responsible for overseeing and regulating activities that affect stakeholders.
5. Customer – A key external stakeholder who purchases goods or services from a business.

Antonyms

1. Outsider
2. Non-participant
3. Bystander
4. Observer
5. Non-investor