Stakeholders are individuals or groups that have some claim on the company

Stakeholders are individuals or groups that have some claim on the company. They can be divided Into two segments. Internal stakeholders are stockholders and employees including executive officers and board member while external stakeholders are all other individuals and groups affected by the company’s actions. Typically, they compromise of customers, suppliers, governments, unions, competitors, local communities and the general public.
Stakeholders can influence the organizations because all the stakeholders can justifiably expect that the company will attempt to satisfy their particular demands. Besides, stakeholders provide the enterprise with capital and in exchange expect an appropriate return on their investment. Employees provide labor and skills in exchange expect commensurate income and job satisfaction. Customers want value for money and suppliers seek dependable buyers. Government insist on adherence to legislative regulations. Unions demand benefits for their members in proportion to their contribution to the company while rivals seek fair competition. Local communities want companies that are responsible citizens and general public seeks some assurance that the quality of life will be improved as a result of the company’s existence.
Stakeholders will vary from each project but for an event they can be the event organizers, employees and volunteers, service and control providers, emergency services, local community, security services, transport services, media and general public.
At a talent show which is a public event with a large number of attendees includes many stakeholders both internal and external. Internal stakeholders are the people who are already committed to serving the organization and are entities within the business whereas external stakeholders are people who are impacted by our performance but not entities of a business.
The internal stakeholders at a talent show are the staff members who will coordinate and plan the event from the beginning to the end, volunteers will be given a training and put under supervision of the staff members to assist them in work whenever needed,