All the stakeholders of a business matter, but some are more critical to the success of the organization than others. How a company prioritizes its stakeholders varies depending upon the type of business. Major stakeholders for one business might be minor stakeholders for another. However, the primary identifying characteristic of the most important stakeholders, those we call major or inner-circle stakeholders, is that they engage in voluntary exchange with the organization for mutual benefit.
Customers, team members, investors, suppliers, communities, and the environment are thus generally considered ...
Get Conscious Capitalism, With a New Preface by the Authors: Liberating the Heroic Spirit of Business now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
