Cliche of the Week 20 – Stakeholders

October 10, 2010 at 9:39 pm 4 comments

People are no longer investors, community groups, families, the sick, the well, students, teachers, parents or landholders. They are also no longer workers, bosses or traditional landowners.

Instead, they are stakeholders.

Anyone who has an interest in anything is a stakeholder. This umbrella tag appears in the global media, including newsletters and magazines, 8000 times a week.

” . . . taxpayers and governments have become some of the biggest stakeholders in key segments of the economy such as banks and the automotive sector, widening the circle of stakeholders.” (The Calgary Herald, October 6)

” ‘We can never underestimate the different views of the stakeholders and individuals,’ he said, adding that the government would be irresponsible if it did nothing on healthcare reform.” (The Hong Kong Standard, October 7)

“The year before, the three stakeholders shared the burden equally.” (India’s Financial Express October 7, 2010)

“… The former BHP Billiton chairman said the global financial crisis had led directors around the world to search for ways to improve quality amid higher expectations from stakeholders.” (The Australian, October 7).

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Entry filed under: Cliche of The Week. Tags: , , , , , , .

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4 Comments Add your own

  • 1. Angelo Loukakis  |  October 10, 2010 at 11:47 pm

    The only thing that would make me interested in ‘stakeholders’ is if they started to drive them through each others hearts! No wait, they do that already…

    Reply
    • 2. chrispash  |  October 11, 2010 at 12:11 am

      we’d have to do that in broad daylight after a top level meeting

      Reply
  • 3. Ian  |  October 11, 2010 at 12:42 am

    Maybe stakeholders is overdone as a catch all term but it does have a virtue – as a weapon in fighting against the endless board and management drivel about how what they do they do for their shareholders.

    It is quite amazing how many company presentations to investors take place in which the it almost as if they had no customers, leaving the source of the revenues and profits a mystery.

    Reply
  • 4. Robert Pullan  |  October 11, 2010 at 5:28 am

    ‘Stakeholder’ evolved from the bush: it looks like a boardroom scarecrow.

    Reply

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