A stakeholder is any individual or group that has an interest in or is affected by a project, organization, or decision. This can include employees, customers, investors, suppliers, and the community. Stakeholders can influence the outcome of a project and are often involved in the decision-making process. Understanding stakeholders is crucial for effective management and communication. By identifying and engaging with stakeholders, organizations can address their needs and concerns, leading to better outcomes. This engagement can help build trust and foster collaboration, ultimately benefiting both the stakeholders and the organization itself.