Question

What is the difference between primary and secondary stakeholders ? Discuss the arguments against the stakeholder model.

Answer 1

Primary stakeholders are those who have a direct interest in the company, secondary stakeholders are those who have indirect interest. For instance, the employees and investors who depend on a company's financial well-being for their own are primary stakeholders. Secondary stakeholders might include residents who live near to the company and are thus affected if the company decides to pollute local waterways or local workforce boards that count on business employing local workers.

Argument take place in the contest of real world situations, and each situation affects a wide range of people. These people can be considered stakeholders - individuals who have an interest in the outcome of an issue - and they may be part of your audience.