Owners are interested in maximizing the profit the business makes. Employees want to earn money and stay employed. Internal stakeholders are entities within a business (e.g., employees, managers, the board of directors, investors). In discussing the decision-making process for institutions-including large business corporations, government agencies, and non- profit organizations - the concept has been broadened to include everyone with an interest (or “stake”) in what the entity does. In the last decades of the 20 th century, the word “stakeholder” has become more commonly used to refer to a person or group that has a legitimate interest in a project or entity. It defined stakeholders as “those groups without whose support the organization would cease to exist. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute. corporate stakeholder: A corporate stakeholder is that which can affect or be affected by the actions of the business as a whole.Ī corporate stakeholder is an individual or group who can affect or be affected by the actions of a business.External stakeholders are entities not within a business itself but who care about or are affected by its performance (e.g., consumers, regulators, investors, suppliers).Internal stakeholders are entities within a business (e.g., employees, managers, the board of directors, investors).A corporate stakeholder is a person or group who can affect or be affected by the actions of a business.

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