Define Important Stakeholders
identify three important stakeholders for a corporation, and then explain the role that each stakeholders plays within the corporation. Additionally, you must explain how they influence one another.
What do you consider as the most important stakeholder? Is it important for corporations to focus on maximizing shareholder wealth? Explain in your own words where each of the major stakeholders is represented within the financial statements of the corporation. You should be able to discuss at least four major stakeholders at this point. For example, the customers provide sales revenue and are represented within the income statement sales revenue figures.
Your response should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where appropriate
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Importance of stakeholders in a corporation
A stakeholder is a person who invests in a company and whose actions determine the outcomes of the company’s decisions (Jensen 2010). It is not a must that stakeholders in a firm to be only the shareholders because even the employees within a company can also be stakeholders, the reason being that some of the employees those included in stakeholders can give decisions and useful advice on how to run the firm to achieve success.
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