Who are the Internal and the External Stakeholders?
Internal Stakeholders are those who are directly employed/affected by the company, including employees, managers, senior managers, owners, shareholders/stockholders.
External Stakeholders are those who are involved with the company (through contracts and other means), and they include clients, suppliers, and the government. External Stakeholders are not employed nor directly affected by the company.
Both Internal and External Stakeholders can affect the company and the company’s projects with varying degrees depending on the nature and the culture of the company. For example, a company dedicated to working on Research and Development projects is hugely impacted by Government (external stakeholder) measures when it comes to grants.
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