spacer
spacer linked image
spacer
spacer

stakeholder:

... a person having a share or interest in something to the extent that a loss is likely should it be abandoned. A stakeholder group is made up of a number of people having a vested interest in something. A vested interest is a stake in something to the extent that it is worth maintaining, promoting, or protecting for one's own personal advantage or gain.

Special interest claims by stakeholders may by based on assumptions or acknowledgement, or granted as fixed rights. Stakeholders claim their influence, power, or control by investing resources, time, and/or capital.

Partners in an economic development initiative typically gain their stakes by inputting resources and/or capital. Stakeholders participate in ally networks focused on enterprise and economic development by investing the time to maintain relationships that pay off.

The stakeholder's force of power can be compared to the expression voice of the customer in many situations. In other words, voice of the stakeholder is analogous to customer speak. For example, history since the Industrial Revolution indicates that it can become problematic for a community or economy when employees (or workers) are denied or lose sight of their stakeholder positions in relation to their productivity and how they are ultimately, albeit indirectly, tied to customer satisfaction.

spacer
spacer

related: special interest group; association; stakeholder partner; industrial relations

spacer
.network logo [introduction]

go back

search for other terms

spacer
spacer

FYI: definition of stakeholder what is a stakeholder define stakeholders what is a stake in economic development definition of stakeholder group what are stakeholder groups definition of vested interest definition of vested interests what is a stakeholder partner in economic development stakeholder partners what is a stakeholder in enterprise and economic development what is a stakeholder in the site selection process

spacer

Economic Development Services, Inc. / copyrights © and all rights reserved / 10/26/2011