Who qualifies as a stakeholder in an organization?

The definition of a stakeholder encompasses a broad range of groups and individuals who are impacted by or have an interest in the organization's decisions and operations. This includes not only internal participants like employees and shareholders but also external parties such as customers, suppliers, community members, regulators, and even the general public. The reason option B is the correct answer is that it accurately reflects the inclusive nature of stakeholders as it identifies "any group or individual" who has a vested interest in the organization.

This perspective is crucial in sustainability practices as it emphasizes the importance of considering the views, interests, and potential impacts of a diverse array of stakeholders when making decisions that affect the organization and the environment. By recognizing the full spectrum of stakeholders, organizations can enhance their understanding of social responsibilities and improve their sustainability initiatives, leading to more informed and responsible decision-making processes.