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Any individual or group who can affect or is affected by the actions of a business.

The process by which a company involves individuals and groups who may be affected by its decisions.

Shareholders are a type of stakeholder focused on financial returns, whereas stakeholders have a broader range of interests in the company's actions.

The idea that all stakeholders should be considered when making business decisions, not just those with financial stakes.

Primary stakeholders have a direct stake in the organization's success, while secondary stakeholders are indirectly affected by the company's activities.

The level of influence a stakeholder has over a company's decisions and operations.

The process of recognizing all the stakeholders that are or might be affected by a company's actions.

The technique used to identify the attributes of stakeholders and understand their potential impact on a project.

A visual tool used to categorize stakeholders by their level of interest and power in regard to the company.

The process of determining which stakeholders are most important to the business and should be addressed first.

Stakeholder theory suggests a business should create value for all stakeholders, not just prioritize shareholder wealth maximization.

The perspective that suggests organizations have an ethical obligation to consider the interests of all stakeholders.

The approach that describes how companies actually do take stakeholders into account, rather than how they should.

The idea that considering stakeholders is not just ethical, but also beneficial to a company's success.

This theory emphasizes the practical aspects of managing stakeholders and the complexity of balancing their diverse interests.

Stakeholder theory is grounded in the belief that businesses have moral responsibilities to all stakeholders.

Stakeholder theory has shaped how companies approach CSR by emphasizing a multi-faceted responsibility beyond maximizing shareholder wealth.

Stakeholder theory influences strategic management by advocating for the consideration of various stakeholder interests in strategic decision-making.

Stakeholder theory fosters corporate sustainability by encouraging businesses to consider environmental and social factors as part of their stakeholder obligations.