Stakeholders and their objectives
- Created by: safiarofidi
- Created on: 02-12-14 19:57
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- Stakeholders and their objectives
- Directors / owners
- To be involved in decision making
- To remain in control
- To increase their own power and status
- To set the direction the business will take
- Shareholders
- To receive dividends from after-tax profits
- To share in success and profitability of business
- To delegate responsibility
- Workforce
- To receive a fair wage
- To have pleasant working conditions
- To have good job security through survival and expansion of business
- To have promotion opportunities
- Customers
- 'Good value for money'
- Good customer service
- Suppliers
- To continue to sell profitably
- To be paid promptly and fully
- To avoid cash flow problems
- Banks / Lenders
- To be paid back in full when due
- To receive interest on the loan when due
- Local Community
- To benefit from jobs created
- To be from environmental disadvantages the firm may generate e.g noise and litter
- To benefit from facilities
- For the firm to sponsor local activity
- Government
- To receive tax revenue from profitable firms
- To ensure the business operates within national and EU laws
- Directors / owners
- For the firm to sponsor local activity
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