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Encyclopedia of Corporate Social Responsibility pp 1892–1898Cite as

Primary Stakeholders

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Synonyms

Customer; Employees; Financiers; Stockholders; Suppliers

Definition

Stakeholder is defined as an individual, a group, an organization, or a spokesperson who has a claim or a stake or something at stake in a business behavior, performance, and outcome. There is a difference between having an interest in a business and having a stake in a business, where the latter is related to the term “stakeholder,” because having an interest is not necessarily the same as having a stake or something at stake. The latter involves holding a risk– being in a position having a legitimate claim on the behavior, performance, and outcome of the business – and how the business matters to the ones having a stake in the business. A stakeholder bears the risk that is involved with business actions and outcomes. To be a stakeholder means to have an interest which takes much effort to dissociate from the actions and outcomes of the business if the stakeholder is not satisfied with them. An interest can...

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References and Readings

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Author information

Authors and Affiliations

  1. Copenhagen Business School, Department of Intercultural Communication and Management, Center for Corporate Social Responsibility, Porcelænshaven 18A, 2000, Frederiksberg, Denmark

    Dr. Linne Marie Lauesen

Authors
  1. Dr. Linne Marie Lauesen
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Corresponding author

Correspondence to Linne Marie Lauesen .

Editor information

Editors and Affiliations

  1. London Metropolitan Business School, London Metropolitan University, Moorgate, London, UK

    Samuel O. Idowu

  2. Loyala University New Orleans, New Orleans, LA, USA

    Nicholas Capaldi

  3. International Labor Organization, International Training Center, Viale Maestri del Lavoro, Turin, Italy

    Liangrong Zu

  4. Indian Institute of Plantation Management, Bangalore, India

    Ananda Das Gupta

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© 2013 Springer-Verlag Berlin Heidelberg

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Lauesen, L.M. (2013). Primary Stakeholders. In: Idowu, S.O., Capaldi, N., Zu, L., Gupta, A.D. (eds) Encyclopedia of Corporate Social Responsibility. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_140

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