What is Strategic Stakeholder?
A strategic stakeholder is a person or group that has a significant impact on the achievement of an organization's goals and objectives, and is therefore a key consideration in the organization's strategic planning process. Strategic stakeholders may include customers, employees, shareholders, suppliers, regulators, and other groups that have a vested interest in the organization's success.
The concept of strategic stakeholders is often contrasted with that of shareholder stakeholders, which refers to individuals or groups that hold an ownership stake in the organization and are primarily concerned with maximizing shareholder value. While shareholder stakeholders are an important consideration in strategic planning, strategic stakeholders may have broader interests and concerns that extend beyond the financial performance of the organization.
In order to effectively manage and engage with strategic stakeholders, organizations need to understand their needs and expectations, and to identify and prioritize their key stakeholders. This can help the organization to align its goals and objectives with the needs and expectations of its stakeholders and to build strong, mutually beneficial relationships.