The types of Stakeholders

RUNNING HEAD: SUSTAINABILTY OF BHP
Sustainable Management of BHP
Name of Student:
Name of University:

1SUATAINIBILITY OF BHP
Response to Q1:
1. The stakeholders are referred to those groups of people who hold any kind of stakes r
interest in the workings of a business. However, this is a generalised definition and used in a
broader sense to denote all the direct as well as the indirect stakeholders. The types of
stakeholders can be categorised according to their relation with the business and the extent of
influence reciprocated :
a. Stakeholders- the direct stakeholders who holds stake in the firm and have direct influence on
the business as well as responsibilities on the same are termed as the stakeholders. They are
similarly influenced by the organisational policies.
b. Stake Watchers- the indirect stakeholders who have indirect source of legitimacy upon the
firm but can hold power over the organisation’s decision are called the stake watchers. The stake
watchers, however, has minimum responsibilities over the firms and are the pressure groups.
c. Stake keepers- this group of stake holders re far removed from the other two groups as they
are the independent regulators. They are not related with the organisation, but, however, can
impose regulations and constraints upon the organisational activities.
Response to Q2:
The direct stakeholders of BHP include the employers, the management and the
employees of the firm. The company’s Forum on Corporate responsibility and the business
partners also falls in this group. This group is affected by the sustainability of the organisation
since they are the key decision makers and are the primary group who are affected by the