Difference between Internal and External Stakeholders | Types Of Stakeholders

Difference between Internal and External Stakeholders
Types Of Stakeholders | Business and Society
BBA
Management Notes

Stakeholders are organizations, individuals or groups that are concerned about the activities of a business.Stakeholders are concerned with business activities because they will be directly or indirectly affected by performance of the business.

S.No. Internal Stakeholders External Stakeholders
1.  Internal Stakeholders are the individual and parties that are the part of the organization or inside the organization. External Stakeholders are the parties or groups that are not a part of the organization, but gets affected by its activities.
2. They work for the organisation and they actively participate in the management of the company. They are not employed by the organisation but they get affected by its activities.
3. Internal Stakeholders are the primary stakeholders. External stakeholders are the secondary stakeholders.
4. Internal stakeholders generally have a large influence on how the company runs. External stakeholders generally have a small influence on how the company runs.
5. Internal Stakeholders include Employees, Owners, Board of Directors, Managers, Investors etc. External Stakeholders include Suppliers, Customers, Creditors, Clients, Intermediaries, Competitors, Society, Government etc.

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