Business Management · Unit 1: Introduction to business management
1.4 — Stakeholders
Business Management · SL / HL · syllabus-mapped notes
Internal and external stakeholders
A stakeholder is any individual or group with an interest in a business. Internal stakeholders are part of the organization; external stakeholders are outside it but affected by it.
Conflict between stakeholders
Stakeholders often have competing objectives, for example shareholders seeking higher profit versus employees seeking higher pay. Businesses must balance and, where possible, reconcile these conflicts.