business
- Created by: katier1234
- Created on: 12-11-19 12:02
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- Stakeholders and their objectives
- STAKEHOLDER – individual or group who has an interest in a business and may be directly affected by the activities of that business.
- Internal stakeholder – stakeholder directly involved within the business
- External stakeholder – stakeholder who is outside the business but is still linked to it
- Employees- objectives and interests
- Remain profitable and for the business to succeed
- A good salary and working conditions
- Recognition so a promotion.
- Owner/ founder- objectives and interests
- Remain profitable and for the business to succeed
- Set aims/ objectives for the business to grow
- Be competitive
- Shareholders- objectives and interests
- Dividends ( share profits)
- Profitable
- good return for their investments
- Customers
- Good value for money
- Good quality products and services
- Suppliers
- Paid on time
- Continued orders
- Local community
- Informed of any major changes
- Respect
- Government
- Ensure business follows laws
- Growth of business for better business opportunities
- Bank
- provide loans and expect repayments and interest
- Consequences of businesses not listening to stakeholdersStakeholders can influence and change the way a business operates in a competitive world. Popularity of social media means mistakes can be quickly viewed worldwide, and have huge impact on a business’s reputation and future business prospects.
- STAKEHOLDER – individual or group who has an interest in a business and may be directly affected by the activities of that business.
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