Sales Dictionary
Stakeholder
Definition
Anyone who can affect or is affected by a decision or activity in the sales process.
Deep Dive
In the context of business and sales, a stakeholder is any individual or group who can affect or is affected by a decision, activity, or outcome. This broad definition includes internal parties such as employees, managers, and executives, as well as external entities like customers, suppliers, investors, regulators, and even the local community. In a sales process, particularly for complex B2B deals, identifying and understanding the various stakeholders is crucial, as their diverse interests, influence levels, and potential impacts on the buying decision must be managed strategically.
Examples & Use Cases
- 1In a major software implementation for a corporation, stakeholders might include the IT director (technical approval), the CFO (budget approval), department heads (operational impact), and the end-users (adoption and training needs).
- 2When a manufacturing company considers a new equipment purchase, stakeholders could be the production floor manager (efficiency), the safety officer (compliance), and the CEO (ROI).
- 3For a government contract, stakeholders could be procurement officers, agency heads, legal teams, and even public interest groups.
Related Terms
Decision MakerInfluencerEnd-User