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Questions
Write any two differences between Internal stakeholders and External stakeholders.
Distinguish between internal and external stakeholders.
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Solution
| Basis of Distinction | Internal Stakeholders | External Stakeholders |
| Position | They operate from inside the organisation. | They operate from outside the organisation. |
| Role | They actively participate in the management and work of the organisation. | They do not participate actively in the management and work of the organisation. |
| Constituents | They consist of employers (owners and managers) and employees. | They consist of suppliers, customers, competitors, the government and the general public. |
RELATED QUESTIONS
Local community is an example of ______.
The primary motive of any business is to earn profit with ______ welfare.
The primary stakeholders in a typical corporation are:
Stakeholders who are involved in business firms from within the organisation are known as ______ stakeholders. They consist of owners' shareholders and employees of the organisation.
Which of the following is the best example of a primary stakeholder?
Who among the following is not an internal stakeholder?
Which of the following are the external stakeholders in a company?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | External stakeholder | i | Shareholders, employees |
| (b) | Government | ii | Creditors, suppliers |
| (c) | Internal stakeholders | iii | Pay taxes on time |
| (d) | Not the stakeholders | iv | Customers |
What do you understand by internal stakeholders?
What do you mean by external stakeholders?
