Answer :
The two-way relationship between a firm and its stakeholders is conceptualized by the Stakeholder interaction model.
Generally, primary stakeholders are those entities that invest their capital within the firm. Some samples of primary stakeholders are shareholders, business partners, suppliers, and customers. Primary stakeholders - those whose continued association is totally necessary for the firm's survival. ie: employees, customers, suppliers and shareholders.
Secondary stakeholders - don't typically engage in direct transactions with a corporation and thus, not essential for its survival. Employees have an instantaneous relationship with the business or company they add. They participate actively within the activities of the corporate and influence the performance of the corporate directly.
It's important to think about how an organization's decisions can influence stakeholders because they often have the potential to vary the priorities of how a business functions. Stakeholder Theory could be a view of capitalism that stresses the interconnected relationships between a business and its customers, suppliers, employees, investors, communities et al. who have a stake within the organization.
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