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Stakeholders are the persons, groups, and institutions directly affected by an organization's performance. Some external stakeholders for Wal-Mart include the following: 1) Customers: specific consumer or client's groups, individual, and organization's goods and/or use its services. Wal-Mart has grown by paying careful attention to its market niche of customers looking for quality at a bargain price. 2) Suppliers: specific providers of the human, information, financial resources, and raw material needed by the organization to operate. Wal-Mart also has an online system with its suppliers. 3) Competitors: specific organizations that offer the same or similar goods and services to the same consumer or client groups...
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