What is a Stakeholder?
A stakeholder is a party (person, group of people, organization), defined as anyone with an interest in the company, irrespective of whether that interest is positive or negative, and can either affect or be affected by the business.
Social stakeholders may include employees, customers, beneficiaries, local leaders, funders and supporters, local communities, governments, trade associations, etc.
It is important that you identify the stakeholders of your company, and that you analyse their levels of interest, expectations, importance and influence. The stakeholder database usually includes classification and assessment information based on perception and explicitly describes each stakeholder from the perspective of the business.
Analysing your stakeholders is crucial to the success of your business, and in the context of the circular economy, we need to do this even more broadly.
Stakeholder analysis is the process of identifying a company's stakeholders and their interests, assessing their influence/power, or how they are impacted by the company, to formulate strategies for managing relationships with them.