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What are the three different types of stakeholders that the board must take into account of? Give examples of each type and explain to illustrate your points?

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The various kinds of stakeholders that the board must take into account of are:

  • employees
  • customers, and
  • investors.

Who is a key stakeholder?

A significant stakeholder is critical to a company's long-term success. Key stakeholders may assist businesses in making strategic choices, reducing risks, and expanding their operations.

If you are active in assisting your business in reaching its objectives, it is critical that you understand who your key stakeholders are and how to identify them.

Employees are crucial because they drive the business, customers are crucial because, the  are the reason for the existence of the business, investors are important because, they finance the business.

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