It has been brought to our attention by some of our Native American colleagues that the term stakeholder is no longer appropriate to use because it is so deeply rooted in colonial practices. We have been encouraged to use terms like “interested parties” instead.
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Is stakeholder an offensive word?
Stakeholder is the blanket term used to describe an individual, group, or organization that stands to be impacted by the outcome of a project. But, the problem with blanket terms is that they tend to be used indiscriminately so there’s a potential to offend.
What can I say instead of stakeholders?
What is another word for stakeholder?
| investor | sponsor |
|---|---|
| partner | collaborator |
| colleague | interested party |
| patron | associate |
| participant | ally |
Why is it called stakeholder?
The term stakeholder has its roots in horse racing. A stake race is one in which the prize money is derived from the entry fees that horse owners pay to enter the race. The entry fee is called a stake, a synonym for risk.
What is the original meaning of stakeholder?
The “original” meaning of the word was quite straightforwad: the stakeholder was someone entrusted to “hold” the stakes that defined the boundaries of a plot of land. In this sense, “to hold” means the “to have the custody of” said stakes.
Who coined the word stakeholder?
In a corporation, a stakeholder is a member of “groups without whose support the organization would cease to exist”, as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute. The theory was later developed and championed by R. Edward Freeman in the 1980s.
When was the word stakeholder first used?
1708
According to The Oxford English Dictionary (2nd edn, 1991), the word ‘stakeholder’ first appeared in 1708, meaning the holder of a wager. A stake is ‘that which is placed at hazard’, although the OED is uncertain where that usage of stake comes from. Stakeholder: anyone who has any interest in what you are doing.
What is opposite of stakeholder?
Opposite of one who participates in an action or event. nonparticipant. boss. enemy.
How do you use stakeholder in a sentence?
How to use Stakeholders in a sentence
- The panel, as always, wishes to demonstrate due diligence to its stakeholders.
- The interested stakeholders need to attend the meeting.
- The review is to be a clear, open, transparent process involving stakeholders.
Who are stakeholders in school?
In education, the term stakeholder typically refers to anyone who is invested in the welfare and success of a school and its students, including administrators, teachers, staff members, students, parents, families, community members, local business leaders, and elected officials such as school board members, city
Is an employee a stakeholder?
Internal stakeholders work within the company and include people like employees, supervisors, managers and directors. Regardless of where someone falls within your organization, they can have a major impact on the success of your company.
What is the role of a stakeholder?
A stakeholder’s primary role is to help a company meet its strategic objectives by contributing their experience and perspective to a project. They can also provide necessary materials and resources.
What are the 4 types of stakeholders?
The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
What is a stakeholder in business?
Stakeholders are individuals, groups or organisations directly involved with, or indirectly affected by, a project, product, service or enterprise. As such, stakeholders likewise impact why and how a company does business.
Are students stakeholders?
Stakeholders can be individuals, institutions, organisations or groups. Stakeholders can be directly involved in the activity (for example, teachers, officials, students) or can simply be affected by it (for example, parents, employers, textbook publishers).
What are the two types of stakeholders?
Stakeholders can be broken down into two groups, classed as internal and external.
External (secondary) stakeholders
- Customers want to receive the best possible product or service.
- Suppliers want to see increased demand for the business’s products or services so that there is greater requirement for their own.
Who are stakeholders in ethics?
A stakeholder is any individual or group whose interests affect or are affected by the operations of a business. To have a stake simply means that one’s interests intersect with those of the business.
Who are key stakeholders?
Here are some of the most common types of key stakeholders within a business:
- Employees. A company’s operations and victories can affect its employees’ salaries, job stability, financial security and more.
- Customers.
- Investors.
- Company leaders.
- Competitors.
- Government agencies.
- Vendors.
- Communities.
What are the types of stakeholders?
Types of Stakeholders
- #1 Customers. Stake: Product/service quality and value.
- #2 Employees. Stake: Employment income and safety.
- #3 Investors. Stake: Financial returns.
- #4 Suppliers and Vendors. Stake: Revenues and safety.
- #5 Communities. Stake: Health, safety, economic development.
- #6 Governments. Stake: Taxes and GDP.
How do you become a stakeholder?
In order to be a project stakeholder, your organization must meet the following two criteria.
- Is a registered NGO, Professional Association, or Not for Profit Entity.
- Must have the capacity and capability to train and coach others.
What is difference between stakeholder and stockholder?
What is a stakeholder? A stakeholder has an interest in the long-term success of an organization that may or may not relate to the financial interest of owning a part of its public stock. Stockholders are always stakeholders of a company, but stockholders are not always stakeholders.