1.7 Stakeholders

Question 1

WHO CAN BE STAKEHOLDERS(8)

Answer 1

OWNER/MANAGERS/EMPLOYEES/CUSTOMERS/GOVERNMENT/BANK/SUPPLIERS/COMMUNITY.

Question 2

SHAREHOLDERS INTERETS (3)

Answer 2

HIGHER PROFITS, REDUCED COSTS, HIGHER DIVIDENTS.

Question 3

MANAGERS INTERESRTS (7)

Answer 3

FLEXIBLE WORKING, REDUCED COSTS, MAINTAIN CASH FLOW, REDUCE COSTS, LOW RISK INVEST, LOW BORROW, HIGH PROFIT.

Question 4

GOVERNMENT INTERESTS (3)

Answer 4

REDUCE POLLUTION, INCREASE EMPLOYMENT, INCREASE EXPORTS.

Question 5

BANKS INTERESTS (2)

Answer 5

HIGHER INTERETS RATES, RETURN PAY.

Question 6

CUSTOMERS INTERETS (3)

Answer 6

REDUCE PRICES, HIGH QUALITY, GOOD SERVICE.

Question 7

EMPLOYEES INTERESTS (3)

Answer 7

HIGH WAGES, NO REDUNANDIES, RETAINED CONDITIONS/EMPLOYMENT,

Question 8

INFLUANCE (8)

Answer 8

OWNER=purchase more shares/sell. MANAGERS=Make decision future plans. EMPLOYEES=Affect quality/service(industrial action). CUSTOMERS=Buy or not. BANKS=Provide or not finance. SUPPLIERS= Alter price or fail deliver. COMMUNITY= Petition business to change environmental polices.

Question 9

INDEPENDANCE STAKEHOLDERS (NEED 3)

Answer 9

MANAGERS need suppliers to provide high quality stock when required=SUPPLIERS need managers to buy supplies from them to keep them in business. OWNERS need employees to work hard for them to satisfy customers/increase sales and EMPLOYEES need owners to provide them with fair wages and good working conditions. CUSTOMERS need owners to provide them with the goods and services they require, and OWNERS need customers to buy their products.