What is a Stakeholder?

What is a Stakeholder? In this video from HRC Online, we provide a clear, practical explanation of one of the most fundamental concepts in business and HR — and why understanding stakeholders is essential for anyone working in management or leadership. A stakeholder is any individual, group, or organisation that has an interest in or is affected by the activities and decisions of a business. Internal and external stakeholders each play different roles: internal stakeholders include employees, managers, and shareholders; external stakeholders include customers, suppliers, governments, and local communities. Understanding the different stakeholder types in business helps organisations make decisions that balance competing interests and build lasting relationships. Whether you're new to business studies or looking to sharpen your professional knowledge, this video gives you a solid grounding in what stakeholders are, why they matter, and how organisations manage them effectively. 📌 In this video you'll learn: • What a stakeholder is and why they matter • The difference between internal and external stakeholders • How businesses identify and manage stakeholder relationships Explore our full range of HR and business courses at HRC Online. 🔗 www.hrcoursesonline.com #HRAnalytics #PeopleAnalytics #WorkforceData