There is overlapping of the different categories
stakeholders as it becomes obvious from this
classification.
The Police
Powerful interest and community
groups
It gets even more complicated though. The
company itself “creates” yet another category
of stakeholders in the process of securing its
operations.
Supply Chain
Owners and Investors
Those stakeholders are called demanding. In
this category fall all groups and individuals
who are of critical importance in connection
to securing the business operations. Such can
be:
The State
Local Regulatory Institutions
Patent and License Authorities
In order to map stakeholders and make
stakeholder management possible scholars define them by assigning one or more
of the three attributes that differentiate a
stakeholder from a non-stakeholder.
The attributes are as follows: urgency,
legitimacy, and power (See pic., Mitchell,
Agle, Wood, 1997). A stakeholder with
more that one attribute becomes automatically more important to the company. The reason is that
for example a combination of legitimacy and
power,
urgency
and
power or legitimacy and
urgency can endanger a
company’s operations by
stakeholders acting upon
certain claims or issues.
Needless to say, the combination of the three attributes makes a stakeholder first priority.
Here it is important to
note that stakeholders
can change class which
makes stakeholder monitoring essential.
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