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External stakeholders are entities that don't belong to your organization but are impacted by or impact your performance. This includes your impact on the environment and the quality of life of communities. It also includes the impact of regulations and media organizations on your performance. The following are common types of external stakeholder.
In some cases, customers are considered primary stakeholders because they are exposed to risk related to your performance. For example, a customer that depends on your software products may face substantial risks if you fail to fix known security vulnerabilities in that software.GovernmentGovernment regulations in areas such as competition, consumer protection, environmental stewardship, health & safety and taxation.
Investors & CreditorsIn many cases, investors are internal stakeholders because they are involved in your organization in one way or another. Minority shareholders and creditors are often external stakeholders who are exposed to risk related to your performance.CommunitiesMembers of the communities in which you operate. This can include city governments and individuals such as neighbors of a factory.OrganizationsOrganizations that engage you in one way or another. For example, an environmental organization that issues a report that comments about your practices.PartnersOrganizations that you engage such as a standards organization in your industry.MediaMedia organizations that report information about you to the public.|
Type | | Definition | Entities that don't belong to your organization but are impacted by or impact your performance. | Related Concepts | |
External Stakeholders
This is the complete list of articles we have written about external stakeholders.
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A definition of stakeholder with examples.
A list of common project stakeholders.
Common examples of stakeholder requirements.
The basic types of stakeholder salience.
A definition of internal stakeholder with examples.
An overview of corporate governance with examples.
An overview of failure of imagination.
An overview of fiduciary duty.
An overview of the precautionary principle.
A definition of internal controls with examples.
The common types of management control.
The definition of accountability with examples.
A list of useful antonyms for transparent.
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