• Home
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    • Advertise With Us
  • Business
  • Education
  • Technology
  • Gaming
  • Computing
  • Lifestyle
  • Health
  • Internet
Facebook Twitter Instagram
Tech Feast
  • Home
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    • Advertise With Us
  • Business
  • Education
  • Technology
  • Gaming
  • Computing
  • Lifestyle
  • Health
  • Internet
Facebook Twitter Instagram
Tech Feast
Home»Business»The Most Important Stakeholders In An eCommerce Business

The Most Important Stakeholders In An eCommerce Business

HarrisonBy HarrisonJanuary 17, 2023 Business
Facebook Twitter Pinterest Tumblr Email Reddit WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit WhatsApp

A stakeholder is an individual or a group of people interested in a business and the outcomes of its actions. There are many different stakeholders in E-commerce business, and each one of them has different interests. As a business owner, it’s often a struggle to prioritise stakeholders and their competing needs.

Most Important Stakeholders In An eCommerce Business

Much of the prioritisation is based on the stage a business is at. For instance, for a mature publicly-traded company, the shareholders are more likely to be first. But if it’s a start-up, customers and employees matter the most. That being said, let’s take a look at some of the most important stakeholders in an online business.

Table of Contents

  • 1] Customers
  • 2] Employees
  • 3] Shareholders
  • 4] Government
  • 5] General Public

1] Customers

A business can’t survive without customers. They are the ones who consume your products/services, allowing you to continue existing. They also provide feedback and reviews, which can help improve products and services.

Online shoppers expect quality products at reasonable prices, ease of purchase, great customer services, secure transactions, as well as many delivery options and speed such as next day delivery, standard, or express. While you’re at it, make certain that it’s parcel. Satisfied customers will offer word of mouth advertising, which is the best form of marketing money can’t buy.

2] Employees

These are the people who create and deliver products/services that customers consume. If they aren’t happy, customer service will suffer. It goes without saying that they can determine the success or failure of a business.

Employees expect job security, high wages, and better working conditions. Depending on their level of satisfaction, they can change the overall performance of your E-commerce business.

3] Shareholders

A small E-commerce business may have just a single shareholder –the founder, while a public company has thousands of institutional and individual shareholders.

This group of individuals invest capital to run the business and also play an important role in the governance, operations, and control aspects of a business. In return, they expect a return on their investment, meaning you have to keep the business profitable.

4] Government

The state produces legislation to maintain quality. This ensures fair competition and that consumers get quality products/services. All businesses are required to run under the legal framework of the state.

You may want to comply with those regulations to avoid civil disputes or even prosecutions. In return, the government collects taxes from the business and the people it employs.

5] General Public

Perception is reality. Are your products/services perceived as exclusive and expensive, or cheap and nasty? The public’s perception of your E-commerce business plays a huge role in gaining the confidence of shareholders and customers. By projecting a positive image, an online business can create a powerful brand identity. All the public expects is Corporate Social Responsibility (CSR).

Although these are the main stakeholders in the E-commerce business, several other individuals can affect or be affected by the actions of your business. They all play important roles to ensure the success of an E-commerce business, which is why it’s important to satisfy their expectations.

Customers eCommerce Business Employees General Public Government Stakeholders
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit WhatsApp
Previous Article3 Ways to Be Happy Without Boundaries
Next Article On-Page SEOing for Success
Harrison
  • Website

Harrison is a Professional Blogger and Computer Geeks. Apart from Blogging, he is a fun loving person. His areas of Interest are Computers, Web Designing, Photography and WordPress.

Related Posts

8 Reasons Why Your Manufacturer Website Needs a Mega Menu

January 23, 2023

Benefits Of Updating Your Business Security

January 21, 2023

Gain a Lot More From Your Big Data with Data Warehousing

January 13, 2023

Remote DBA Services Considered as Next Big Thing in Database Management

January 11, 2023

How to Create A Pricing Proposal

January 11, 2023

Save Your Business Using Cloud Backup

January 8, 2023
Add A Comment

Leave A Reply Cancel Reply

Categories
  • Aadhaar Card
  • Adventure & Outdoor
  • Android
  • App Development
  • Apple
  • Area Codes
  • Automobile
  • Blogging
  • Business
  • Chemistry
  • Computing
  • Cryptocurrency
  • Designing
  • Ecommerce
  • Education
  • Electronics
  • Entertainment
  • Event Planning
  • Fashion and Style
  • Food & Recipes
  • Gadgets
  • Gaming
  • Health
  • Holidays
  • Home & Kitchen
  • Home Decor
  • Home Improvement
  • How to
  • Industry
  • Infographic
  • Insurance
  • Internet
  • Internet Marketing
  • iOS
  • iPhone
  • Jobs & Careers
  • Law
  • Lifestyle
  • Make Money
  • Mobile Apps
  • Mobiles
  • Outsourcing
  • Parenting
  • People & Relationships
  • Personal Finance
  • Pets and Animals
  • Politics
  • Programming
  • Quotes
  • Real Estate
  • Science & Environment
  • Security
  • SEO
  • Shopping
  • Social Networking
  • Softwares
  • Sports
  • Technology
  • Tips and Tricks
  • Top 10
  • Trading & Investing
  • Travel
  • TV Series
  • Uncategorized
  • Web Design
  • Web Development
  • Web Hosting
  • WordPress
  • WordPress Themes
  • Writing & Translation
DMCA.com Protection Status
Popular Articles

Top 5 Android Games for Game Lovers

December 29, 2022

Salesforce CRM Consultants Salary Survey 2020

November 4, 2022

How to Generate Side Income

June 3, 2022

Best 5 Google Play Store Alternatives of 2017

May 1, 2022
Recent Comments
  • Alan Lee on 5 Reasons to Stop Drinking Alcohol Immediately
  • Rashmi on Why Startups Should Look to Cloud Software for Payroll
  • DTP Labs on 8 Things To Consider For Effective Estate Planning
  • DTP Labs on 8 Things To Consider For Effective Estate Planning
Recent Posts
  • Happy Kansas Day 2016 Facts, History and Celebrations Images
  • Martin Luther King Jr. Day 2016 Quotes, Speech, Facts and Biography
  • The Most Important Trends in Gaming
  • How to use Coupon Promotions To Eat Better for a Healthier Life
  • Periscope Is One Of The Newest Application Proposals From Twitter
Random Articles

8 Reasons Why Your Manufacturer Website Needs a Mega Menu

January 23, 2023

Benefits Of Updating Your Business Security

January 21, 2023

Biggest Benefits of Hiring A Remote IT Support

January 17, 2023

The Most Important Stakeholders In An eCommerce Business

January 17, 2023
Copyright © 2013-2022. Tech Feast - All Rights Reserved. | Sitemap.
  • About Us
  • Contact Us
  • Advertise With Us
  • Privacy Policy
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.