Which of the following groups is typically NOT considered a stakeholder?

Prepare for the City and Guilds Level 3 Business Administration Exam with comprehensive study materials including flashcards and quizzes. Master key concepts and excel in your test with detailed explanations and practice questions.

In the context of business and organizational management, stakeholders are individuals or groups that have an interest in the success and operations of a company. They can be internal or external to the organization, and their interests can significantly influence decision-making and company practices.

Customers, employees, and suppliers are all stakeholders because they have a direct interest in the organization's products, services, and operational outcomes. Customers seek quality products and services, employees are invested in their job security and working conditions, and suppliers are concerned with maintaining a business relationship that ensures their economic viability through sales.

Random passersby, on the other hand, lack a vested interest in the organization. They do not rely on the business for their livelihood, nor do they directly benefit from its operations. This lack of connection means they typically do not influence or are influenced by the business's outcomes, making them outside the definition of stakeholders. Therefore, while they may interact with the business in a very general sense, they do not hold the same level of significance in stakeholder discussions and strategies.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy