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November 09, 2007

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Jennifer Davis

You've summed up the reason I prefer the term "stakeholders" as opposed to audience. For me, audience implies a one-way, non-consultative communication approach. Whereas stakeholders, describes those who have an interest in the process, product, or principle and therefore due diligence dictates that they should be consulted. Consider the similarity between stakeholder and shareholder. For shareholders, business has a legal responsibility to provide an accurate, transparent report of the business on an annual basis, ie. a legal acknowledgement that shareholders "hold an interest" in the business. Not to say that shareholders are consulted on the business strategy or operations, however, it is an acknowledgement that they do have freedom to disassociate with the business if they feel their interests are not be served. Whereas an audience, by definition, sits completely outside of the process as more of a spectator. Audience has no stake or share that must be considered. Hence there is no responsibility to provide them with accurate or timely information, or to even consider their interest, should one so choose.

Perhaps just an exercise in semantics, but my linguistics background gets the better of me sometimes....

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