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Stakeholders

Stakeholders are individuals or groups with an interest or concern in a particular project, organization, or decision-making process. They can affect or be affected by the outcomes of a project or policy, encompassing a wide range of participants from investors to community members. Their involvement is crucial for success.

Stakeholders meaning with examples

  • In the environmental impact assessment, various stakeholders, including local communities and environmental groups, were invited to share their insights and concerns regarding the proposed development project.
  • Before launching the new product, the company held meetings with stakeholders such as suppliers, employees, and customers to gather feedback and ensure everyone’s needs were considered.
  • During the public hearing, stakeholders expressed their opinions about the new city regulations, highlighting the need for better public transport and more green spaces for the community.
  • Effective communication with stakeholders is vital for non-profit organizations to secure funding and support, as they often rely on the goodwill and backing of donors and volunteers.
  • The government's new policy was shaped through consultations with stakeholders from multiple sectors, ensuring that the legislation was comprehensive and addressed diverse interests.

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