Definition: Stakeholder is a VERY commonly used business term which refers to someone (a person) who cares about or is impacted by a project or effort. KEY stakeholder means someone who ESPECIALLY cares about or who is ESPECIALLY impacted by a project or effort.
Example #1: Let's say project manager Olivia needs to give a key stakeholder project update. She'll invite the project sponsor, a financial analyst, a key client, and a senior manager, all those who especially care about the success of this project.
Example #2: Or let's say Lily is struggling in school, and a stakeholder meeting is set up to discuss how to best help her. Included are her parents, her teacher, the school nurse, and her principal, all those who care about Lily's wellbeing.
Sentence #1: You could say, "Let's inform all key stakeholders of this road expansion project before we get started."
Sentence #2: Or "Let's pull together all stakeholders involved in her medical diagnosis to discuss options."
Now it's YOUR turn! Use "stakeholder" in a real-world sentence below, and I'll verify or correct each one.
Take a look at more business terms to know here!
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