Owners employees customers or even communities in which a company does business that have an interest in and could be affected by the company are best referred to as
stakeholders.
The stakeholders of a company.
The term that best refers to the owners, employees, customers, and communities that have an interest in and could be affected by a company is "stakeholders." Stakeholders are individuals or groups who can influence or be influenced by the actions and decisions of a company. They have a stake or interest in the success and outcomes of the company.
To identify the stakeholders of a company, you can follow these steps:
1. Identify the owners: These are the individuals or groups who have invested capital in the company and have ownership rights. They may include individual shareholders, institutional investors, or even government entities.
2. Identify the employees: Employees are individuals working within the company. They can be permanent, temporary, full-time, part-time, or contract workers.
3. Identify the customers: Customers are the individuals or organizations that purchase goods or services from the company. They are essential stakeholders as their demand for products or services can determine the company's success.
4. Identify the communities: Communities refer to the local or global areas where the company operates its business activities. The community stakeholders could include local residents, local businesses, and local governments.
Understanding the interests and concerns of each stakeholder group is crucial for the company to effectively manage its relationships, address their needs, and make ethical and sustainable business decisions.