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Name Instructor’s Name Course Date Competition Regarding Stakeholders Introduction Competitors of a business are categorized as stakeholders since they directly influence the operations of the business. This can be attributed to the fact that all business activities are impacted by the activities and business operations of the other. As such, it is through the competitors that most business activities flourish. Based on studies done by different scholars, it is evident that the competition existing within the market plays an important role in ensuring that the inner stakeholders, including the employees and the business owners, work harder to improve their productivity and satisfaction to the customers as a plan of gaining competitive advantage over their competitors. In light of this information, this paper aims at examining the influence of competition as a stakeholder to the operations and activities of a business.
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