HBM Unit 1 - Stakeholders

Stakeholders

Stakeholders are people who have an interest in a business. There are two different types of stakeholders to a business: internal and external.

Internal Stakeholders

Internal Stakeholders are stakeholders from within the business.

Examples of Internal Stakeholders are:

• Employees
• Managers
• Shareholders

External Stakeholders

External Stakeholders are stakeholders from outside the business.

Examples of External Stakeholders:

• Suppliers
• Banks and Lenders
• Government
• Local Community
• Customers

Interdependence

Interdependence can be described as why a stakeholder needs another stakeholder.

• Suppliers need managers to keep making purchases so they can make a profit.
• Managers need suppliers to keep supplying raw materials or production will cease.
• Government need managers to provide jobs and…