Key stakeholders are individuals or groups that have a significant interest in a project, organization, or decision. They can influence or be affected by the outcomes, making their involvement crucial for success. Examples of key stakeholders include employees, customers, investors, and suppliers. Understanding their needs and concerns helps organizations make informed decisions. Engaging key stakeholders often leads to better communication and collaboration. By considering their perspectives, organizations can identify potential risks and opportunities. This proactive approach fosters trust and can enhance the overall effectiveness of a project or initiative, ultimately benefiting all parties involved.