A stakeholder is an individual or group that has a legitimate interest in a particular organization, project, or decision-making process. This term can refer to anyone who may be affected by or have influence over the outcome, including employees, customers, suppliers, shareholders, government agencies, and members of the community. Stakeholders often play an important role in shaping the direction and success of a business or initiative because their interests and opinions must be taken into account to ensure that all parties are satisfied.