Every business has a network of connections with other businesses that provide it with the inputs it need to run. These connections are known as suppliers and distributors.
Commonly, shareholders, employees, customers, suppliers, and, in rare cases, local communities will make direct claims on behalf of stakeholders.
The managers are mostly in charge of determining the organization's goals. Managers are those who are in control of certain divisions or departments.
What are the four different stakeholder types?
A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
The internal stakeholders of a firm are the management, directors, and employees. To ensure that they are compensated and keep their positions, firm employees are motivated by the success of the business.
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