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Stakeholders
Question | Answer |
---|---|
Internal Stakeholders | Inside the business eg.employees, owners/shareholders and managers |
External stakeholders | Outside the business eg. customers, suppliers, local community, government |
Conflicts between stakeholders | eg. Conflict between managers and workers over pay and conditions can lead to strike action |
Stakeholders | Anyone who has a stake or share in what the business does |
Shareholders | anyone who owns a share of a business. |
Customers | Want high quality products at low prices |
Suppliers | Who the business buys raw materials and other products from. They want to be paid on time and to have regular orders from the business. |
Local community | Want jobs and improved local facilities but don't want businesses to pollute the local area. Sometimes they want sponsorship for community activities e.g football teams |
Government | Receive taxes when the business makes a profit. |
Employees | Want job security and promotion prospects. |
Creditors | People or organisations that are owed money buy a business |