stakeholder

Vocabulary Word

Definition

'Stakeholder' is somebody having a direct or indirect interest in a project or business outcome, meaning they might be affected by its results. These could be people, organizations, or other businesses.

Examples in Different Contexts

In the creative field, 'stakeholders' could be clients, designers, and marketers involved in a branding project. A project manager might mention, 'Aligning the vision of all stakeholders is crucial for a successful brand launch.'

Practice Scenarios

Business

Scenario:

We are thinking of implementing a new policy about remote work. How should we navigate the varied interests around it?

Response:

We should conduct a stakeholders' analysis to understand the different viewpoints before implementing the remote work policy.

Tech

Scenario:

The latest update in the application seems to have caused some glitches. We need to address this before it escalates further.

Response:

Absolutely, let's gather feedback from all our stakeholders, particularly the end-users, and decide on the bug fixes required.