An exter­nal stake­hold­er is an indi­vid­ual or group out­side an orga­ni­za­tion that has an inter­est in or can be affect­ed by the orga­ni­za­tion’s activ­i­ties, deci­sions, or projects. Exter­nal stake­hold­ers can include cus­tomers, sup­pli­ers, part­ners, com­peti­tors, reg­u­la­tors, and the com­mu­ni­ty in which the orga­ni­za­tion oper­ates. While they may not be direct­ly involved in the orga­ni­za­tion’s dai­ly oper­a­tions, they can still be influ­enced by its actions and deci­sions, and their feed­back and inter­ests can impact the orga­ni­za­tion’s strate­gies and success.