Stakeholders and Stakeholder Mapping

This video explains the concept of stakeholder mapping.
#alevelbusiness #businessrevision #aqabusiness #tutor2ubusiness #alevels #edexcelbusiness #businessalevel
VIDEO CHAPTERS
0:00 Introduction
0:12 What is a Stakeholder?
0:29 Difference Between Stakeholders and Shareholders
1:31 Examples of Business Stakeholders
1:50 Stakeholders Have Different Interests in a Business
3:43 Potential Conflicts between Stakeholders
5:15 Stakeholder Power
5:58 Managing Stakeholder Influence and Power
VIDEO SUMMARY
This video is about stakeholders and stakeholder mapping.
Stakeholders are individuals or groups that have an interest in the activities and the decisions taken by a business. They can be internal stakeholders, such as employees and managers, or external stakeholders, such as customers, suppliers, the government, and society at large.
Shareholders are a specific type of stakeholder that owns the business. They are interested in the financial performance of the business, such as profits, dividends, and share price.
Stakeholders have different interests in the business, which can sometimes lead to conflicts. For example, a decision to introduce greater automation might be supported by shareholders if it leads to greater efficiency and profits, but it could be opposed by employees if it results in job losses.
Stakeholder mapping is a theory that helps businesses address the fact that stakeholders have different levels of power. The idea is that a business should spend more time responding to stakeholders who have a high level of power and a high level of interest in the business. These stakeholders should be kept informed and communicated with regularly. Stakeholders with low power and low interest do not need to be communicated with as often.

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[@DrSuzanneDoyleMorrisinclusiq]

This is a great video! Stakeholder mapping is so important in business and you explained it very clearly.

[@tutor2u-official]

Find some fantastic Business study resources from the tutor2u website www.tutor2u.net/business/collections

[@FeezKhalifa]

Very helpful and insightful brief analysis.

[@ebenezeroppong-appiah6696]

very simple and useful.

[@alexandersobolev5284]

Shareholders are also stakeholders (they have a direct interest in the company - company's profit, in particular). I didn't understand why they were presented as different things in one of the first slides. It's just shareholders are not the only stakeholders, but there could be many other groups of people whom you can also call stakeholders. It doesn't make sense, especially when in another slide owners are clearly present in the stakeholder diagram (1:31).

[@janiholtshausen13]

yep, i like to say all shareholders are stakeholders but not all stakeholders are shareholders

[@ebenezeroppong-appiah6696]

very simple and useful

[@phandung8722]

thanks you this is helpful

[@afraa3443]

Thanks for your explanation

[@ifeanyichukwuemmanuel6712]

Lovely and useful

[@ayushakti489]

Thank you for this clear explanation!

[@tutor2u-official]

Glad it was helpful!

[@ronanmuatuli6086]

very informative

[@abdurrahim-rs7ke]

Thanks

[@GraceGrahamMSc]

Very helpful and nicely explained!

[@tutor2u-official]

Glad it was helpful!

[@tutor2u-official]

More free resources on this topic available here www.tutor2u.net/business/reference/managing-stakeholder-power-and-influence

[@ukhticookie]

the title says stakeholders and stakeholders btw it should be shareholders and stakeholders

[@MAli-ds3hw]

Very helpful lecture

[@tutor2u-official]

Glad to hear that

[@pedrammohtasham1092]

exactly what is your mean of "interest"?it means a) any kind of relation and influence or it means b) any kind of relation who have benefit in relation?

[@jake_runs_the_world]

Pedram Mohtasham it’s on the slide at 2:25

[@vaishalimalik386]

hi, do you have references for the material of this video

[@jake_runs_the_world]

Vaishali Malik you still want it ?

[@thegoatrevolution3465]

jake yes please

[@bilalusman3796]

can u give me your slides?

[@theentirebritcommunity5350]

Messi is the goat

[@87245]

No Ronaldo is

[@theentirebritcommunity5350]

@@87245 sure

[@87245]

@@theentirebritcommunity5350 u better be sure

[@theentirebritcommunity5350]

@@87245 calm down mate

[@87245]

@@theentirebritcommunity5350 I’m not calming down until you say Ronaldo is better than Messi