Asked by Celia McCormick on Feb 18, 2024



Identify the primary attributes of stakeholders and explain how stakeholders can help or hinder a social entrepreneur.


The people or groups affected by or involved with the achievements of the social enterprise’s objectives.

  • Understanding the primary attributes of stakeholders: - Stakeholders can be individuals, groups, or organizations that have a vested interest in the activities and outcomes of a social entrepreneur. - They can include investors, employees, customers, suppliers, government agencies, local communities, and non-profit organizations. - Stakeholders can have varying levels of influence, power, and interest in the social entrepreneur's work.
  • How stakeholders can help a social entrepreneur: - Financial support: Stakeholders such as investors or donors can provide funding to help the social entrepreneur start or scale their venture. - Expertise and resources: Stakeholders with specific skills, knowledge, or resources can offer guidance, mentorship, or access to networks that can benefit the social entrepreneur. - Market access: Stakeholders like customers or partners can provide access to markets, distribution channels, or potential customers, helping the social entrepreneur reach a wider audience. - Advocacy and support: Stakeholders who believe in the social entrepreneur's mission can become advocates, spreading awareness, and generating support for their cause.
  • How stakeholders can hinder a social entrepreneur: - Resistance to change: Some stakeholders may resist the social entrepreneur's innovative ideas or approaches, making it challenging to implement new solutions or disrupt existing systems. - Lack of support: If stakeholders do not understand or align with the social entrepreneur's mission, they may not provide the necessary support, resources, or collaboration needed for success. - Conflicting interests: Stakeholders with conflicting interests or agendas may create obstacles or competition for the social entrepreneur, making it harder to achieve their goals. - Regulatory or legal barriers: Government agencies or regulatory bodies may impose restrictions or regulations that hinder the social entrepreneur's operations or growth.

Verified Answer

Michelle Vasquez

Feb 18, 2024

Final Answer :
Stakeholders are all those involved in and affected by the activities of a social venture.Building relationships with key stakeholders is typically important for any entrepreneur,social,or otherwise; but often social issues need additional support to gain traction with the majority of stakeholders.There are three primary attributes of stakeholders to consider when you are trying to achieve your objectives: power,legitimacy,and urgency.A stakeholder in a position of power has the ability to either help or hinder your social objectives.Legitimate stakeholders are those whose actions are appropriate,proper,and desired in the context of the company,organization,or community.Urgency among stakeholders describes the extent to which stakeholders demand your attention.