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Define stakeholder keeping in mind that a common mistake is

Question: Define stakeholder keeping in mind that a common mistake is that shareholders/stockholders are interchanged with stakeholders. Shareholders/stockholders are stakeholders but a stakeholder is not necessarily shareholders/stockholders who are the owners of the organization.

Therefore, do all stakeholders have to buy-in to a risk management plan and/or be part of it in any aspect?

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Business Management: Define stakeholder keeping in mind that a common mistake is

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