13 Outcome: Stakeholders

What you’ll learn to do: identify business stakeholders and describe their relationship with business organizations

Just as it takes many parts to make a business run smoothly, there are many people, organizations, and entities that have a “stake” in the success of a business. Think again about the engine and the parts it takes to make it run smoothly. What relies upon the engine running? If the engine doesn’t run, the radio won’t play, the headlights won’t operate, and the passengers won’t get to where they want to go. Each of these seemingly unrelated “parts” has a stake in the engine running as intended. Let’s take a look at just some of the stakeholders in business.

LEARNING ACTIVITIES

The learning activities for this section include the following:

• Reading: Business Stakeholders
• Self Check: Stakeholders

Take time to review and reflect on this activity in order to improve your performance on the assessment for this section.