Stakeholers
- Created by: 14kumari4079
- Created on: 24-02-18 13:16
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- Stakeholders
- Main stakeholders in a business
- Shareholders or business owners
- Good return on their investment
- Success of business- particularly creating and retaining jobs.
- Compliance with local laws and regulations, for example noise, pollution.
- High level of profits and dividends.
- Success and growth of the business
- Proper running of the business (if shareholders are not part of the day to day running.)
- Success and growth of the business
- Success of business- particularly creating and retaining jobs.
- Good return on their investment
- Managers and employees
- Rewards, including maximising basic pay and other financial incentives.
- Job security and good working conditions.
- Promotion oppurtunites.
- Job satisfaction and status through high levels of motivation, interesting roles and responsibilities.
- Success of the business.
- Rewards, including maximising basic pay and other financial incentives.
- Cutomers
- Value for money
- Product quality that meets their specific needs.
- Appropriate levels of customer service
- Success of business- particularly creating and retaining jobs.
- Compliance with local laws and regulations, for example noise, pollution.
- Product quality that meets their specific needs.
- Value for money
- Suppliers
- Fair or high prices and prompt payments.
- Continual profitable trade with business.
- Financial sability- can it's consumers pay its bills?
- Banks and other finance providers
- Government
- Prompt and correct collection and payment of taxes, for example VAT, income tax.
- Creating jobs e.g. through businesses succeeding and growing.
- Obeying and sticking to business legislation. E.g. health and safety, minimum wage/national living wage compliance, consumer protection, fair trading, environmental protection.
- Creating jobs e.g. through businesses succeeding and growing.
- Prompt and correct collection and payment of taxes, for example VAT, income tax.
- Local community
- Cpompetitors
- Profitability and success for their own business - particularly creating and reatining jobs.
- An increase in market share.
- Pressure group
- Shareholders or business owners
- A stakeholder is anyone who has an interest in the activities and decision making of a business
- Objectives of business stakeholders
- could include trade unions and environmental groups
- Pressure group
- Profitability and cash flow for the bank
- Banks and other finance providers
- Low risk that the business will not be able to repay finance provided.
- Growth in profits and value of the business.
- Value for money
- Product quality that meets their specific needs.
- Appropriate levels of customer service
- Product quality that meets their specific needs.
- could include trade unions and environmental groups
- Main stakeholders in a business
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