Question

Who are the stakeholders who should be involved in the system and acquisition process?

Answer 1

Stakeholders in a business process may include the project manager, employees, donors, investors, shareholders, customers, competitors, suppliers, vendors, local and national communities, internal and external organizations, government and its regulatory agencies and labor unions.

In business, a stakeholder is a member of "the group without whose assistance the organization would cease to exist," as defined in the term first used in a 1963 Stanford Research Institute internal memorandum. This theory was developed and endorsed by R. Edward Freeman in the 1980s.

A stakeholder is a party involved in a business that affects or is affected by the business. The main stakeholders of a typical company are investors, employees, customers and suppliers.

Stakeholders are individuals, groups or organizations directly involved in or indirectly affected by a project, product, service or business. As such, stakeholders also influence why and how companies do business.

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