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stakeholder:

. . . a person or other entity having a share or vested interest in something.

Having a vested interest means the holder of a stake is typically involved in maintaining, monitoring, protecting or perhaps promoting it for the advantage or gain it offers. The type or level of involvement pertains to assumed or granted rights. Influence, power and control are claimed through the investment of resources, time and capital, for example, stakeholders in an economic development initiative or participants in an ally network focused on enterprise and economic development. Such stakeholders may be referred to as partners.

A stakeholder group is made up of a number of people. It can be an organizations or alliance. For example of the latter, see the definition of development alliance.

The term stakeholder position refers to viewpoint as well as status within a group. For example, workers have a stake in communities in terms of their enterprise and economic development potential. That stake extends to included community sustainability.

A definition of force of power suggests that the viewpoint of a community workforce can be changed to the extent that productivity is affected, so much so that the expression applicable here might be stakeholder force of power. In free enterprise economies when the voice of the customer speaks to dissatisfaction with production quality or product cost, it should be taken as a tenebrous forewarning to employee as well as employer — the point is that workers are stakeholders in the enterprises where the jobs are worth having.



 
 
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Economic Development Services, Inc. / copyrights and all rights reserved / 10/17/13