The Stakeholders
As is customary in any such study, I'll begin with trying to list out the major stakeholders in this issue. The first two, and the most obvious, stakeholders are the students and the faculty. Followed by these is the institute as an independent organisation with its own presence in society and academia. Another immediately associated group is the group of parents of the students of the institute. In a peripheral way, the industrial sector of the nation is also a stakeholder as they depend on research coming out of institutes such as IITs for furthering of technical prowess. The government is also a stakeholder since they provide the largest share (infact, almost all) of the money required to run these institutes. Insofar as the government is spending the tax-payers' money to subsidise education/research in these institutes, the tax-payer is also a stakeholder. Thus, we have established that the stakeholders, not necessarily in this order of importance are:
1. The students
2. The faculty
3. The institute
4. The parents
5. Industry
6. The government
7. The tax-payers (people at large)
1. The students
2. The faculty
3. The institute
4. The parents
5. Industry
6. The government
7. The tax-payers (people at large)
