Stakeholders 0.0 / 5 ? Business StudiesUnderstanding the role and importance of stakeholdersASAQA Created by: RachelCoates16Created on: 06-11-17 17:54 Stakeholder An individual or group or other institution with a direct interest in the activities and performance of an organisation 1 of 15 Internal stakeholder Business owner 2 of 15 External stakeholder Competitor 3 of 15 Primary stakeholder Those who are directly involved and affected by an organisation's actions 4 of 15 Secondary stakeholders Persons who are indirectly affected by an organisation's actions 5 of 15 Key Stakeholders Primary or secondary stakeholders but will have significant influence on the organisation 6 of 15 Supplier needs Regular orders 7 of 15 Manager needs High bonuses 8 of 15 Local community needs Socially responsible activities 9 of 15 Overlapping need High pay 10 of 15 Stakeholder mapping Helps analyse stakeholder power and interest 11 of 15 High power and high level of interest Key players 12 of 15 Low power and low level of interest Minimal effort 13 of 15 Benefit of effective communication with stakeholder Allows the business to anticipate public reaction to a project 14 of 15 Communication channel Informal meetings with interested groups of stakeholders 15 of 15
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