"Stakeholder theory is used for many purposes in a wide array of disciplines. It was intended to serve as a strategic management tool for business and society relationships in a capitalist system. While it has broad scholarly appeal, it is still somewhat controversial and is considered to be...

Individuals and groups who are impacted by a work outcome can be considered stakeholders. As the name implies, stakeholders have a ‘stake' in or a claim to some aspect of an organization's efforts. In the broadest sense, a corporation's stakeholders are comprised of “any individual or group...