Now that we know what stakeholders are , let’s take a deeper look at the different types that exist within the categories indicatin the previous point. Owners are those people who own significant shares of an organization . They are responsible for the impacts that the company has and are usually involv in corporate strategy. They often make decisive decisions regarding internal and external stakeholders.
How To Manage Stakeholders
Stakeholder management has to do with the process of maintaining good relationships with those who have a great impact on the organization. Communicating with them correctly can play a fundamental role in our continuity as a company:
- Identify your stakeholders : before starting to manage the stakeholders , we must carry out an analysis that clearly defines each group.
- Prioritize by Relevance: Considering that we can have hundr of different types of stakeholder needs , prioritization is key. We must determine the potential influence of each according to its level of relevance.
- Understand their needs: once we know who the most important are, we need to have a clear idea of what they expect from us and what we could offer them.
- Set goals with each stakeholder – This is when we need Uruguay Mobile Number List to ask ourselves questions like are they happy with the current situation and what can we do to improve relationships.
- Align the company’s current strategy with its needs: Take existing strategies, such as managing internal expectations, and think about how they can be adapted to integrate the strategic objectives you’ve identifi to manage the most important stakeholders .
Differences Between Stakeholders And Shareholders
Although they seem similar terms, they are very different concepts. The translat definition of shareholders is shareholder, while that of stakeholder refers to interest parties. A shareholder is always a stakeholder, but a stakeholder is not always a shareholder…
A shareholder is the owner of the shares of a company. Employees and board members are internal stakeholders because they have a direct relationship with the company. Vendors and community members, however, are examples of external stakeholders. Let’s see more schematically the differences:
- A shareholder owns at least one share of the company, while a stakeholder does not necessarily have any shares, but has a vest interest in the success of the company.
- A shareholder has contribut to the success of the company in the form of investment, while a stakeholder is interes in the success of the company for reasons other than financial.
- Stakeholders typically have a long – term interest in the success of the company, while shareholder interest may cease if a shareholder sells his or her shares.