1.4 Stakeholders

Question 1

What is a stakeholder?

Answer 1

A stakeholder is an individual or group of individuals who interested in a business because their actions will affect them

Question 2

What are internal stajeholders?

Answer 2

internal stakeholders are individuals our group of individuals who work within a business

Question 3

What are the 6 types of internal stakeholders?

Answer 3

-Shareholders, focus on returns on investments
-CEO, they focus on their returns on investment
-Senior managers,focus on strategic objectives
-Middle managers, focus on tactical objectives
-Supervisors, operational objectives
-Employees, they focus on their rights and working conditions

Question 4

What are external stakeholders?

Answer 4

External stakeholders are individuals or groups of individuals that are outside the business

Question 5

What are the 7 external stakeholders?

Answer 5

-Governments, they focus on how the business operates
-Suppliers, they focus on maintaining a stable relationship
-Customers, they focus on the best product that meets their needs
-Local community, they focus on the impact of the business in the area
-Financiers, they focus on their returns on investments
-Pressure groups
-Media