Why is stakeholder important in business?

Answer 1

"For a company to survive it has to have various stakeholders who submit monthly amounts of money to the company. They are more important at the begging of the company for the growth. They are also know as shareholders, When a company realizes that they are going downhill, they start selling shares to anyone who would like to invest in their company these are then called Stakeholders Shareholder's"

Actually a shareholder and a stakeholder are different. A shareholder as you explained has a share in the business however a stakeholder is any party that affects or is affected by the businesses actions