Any individual or association/organization/external affiliation considering/observing the profit margins of an organization seriously and becoming affected by the growth/popularity and profits of an organization is known as a stakeholder (Hill et al. 2020). It is important to identify the importance of every stakeholder because there are monetary investments made by some stakeholders. Therefore, when such stakeholders are dissatisfied, they might consider doing monetary investments for other organizations or stop doing such investments for the already associated organization. Examples of stakeholders making monetary investments are investors, sponsors, etc. (Naraine & Parent, 2020).