Competitiveness: Ability to maintain and gain market share in an industry.
Stakeholders: A party that has an interest in a company and can either effect or be affected by
the business.
Classifications of Stakeholders: internal stakeholders, external stakeholders.
Internal Stakeholders: Employees, Investors, etc.
External Stakeholders: Customers, Suppliers, etc.
Training And Development: The organized procedure by which people learn knowledge and
skills for a definite purpose. Training focus on specific job related skills and Development is more
about preparing employees for future roles