_______ stakeholders are critically affected by firm action, and/or they can affect firm performance.

Question

Quizplus · Accepted Answer

Strategic stakeholders are those who are crucially affected by the decisions or actions of the firm, and/or they have significant impact on firm performance. These stakeholders include shareholders, employees, customers, creditors, suppliers, and local communities. Their interests and needs directly affect the success or failure of the firm, and therefore they require special attention and management from the company. The strategic stakeholders are more powerful and influential than other stakeholders, and their relationship with the firm is critical for sustaining its competitive advantage and achieving long-term success.

_______ Stakeholders Are Critically Affected by Firm Action, And/or They