A stakeholder is any individual or group that has an interest in or is affected by a particular project, decision, or organization. This can include employees, customers, investors, suppliers, and even the community at large. Stakeholders can influence the outcome of a project and are often considered in the planning and decision-making processes.
In business, understanding stakeholders is crucial for success. For example, a company like Apple must consider the needs of its customers, the expectations of its investors, and the impact on the environment. Engaging with stakeholders helps organizations make informed decisions that align with the interests of those involved.