Identify the primary attributes of stakeholders and explain how stakeholders can help or hinder a social entrepreneur.
What will be an ideal response?
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. The second attribute is legitimacy. Legitimate stakeholders are those whose actions are appropriate, proper, and desired in the context of the company, organization, or community. The third attribute is urgency, which describes the extent to which stakeholders demand your attention
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