3.4.3 Shareholders versus stakeholders Flashcards
1
Q
What is a stakeholder?
1
A
- Individual/group that affects or is affected by an org
2
Q
What are examples of internal stakeholders?
3
A
- Staff
- Managers/directors
- Shareholders
3
Q
What are examples of external stakeholders?
3
A
- Suppliers
- Customers
- Local residents
4
Q
What is the main focus for shareholders and what do they favour?
2
A
- ^Profits (ST and LT)
- Cost-cutting (^ST prof)
5
Q
What is the main concern of local residents?
1
A
- Clean, green production w few deliveries
6
Q
What are the objectives of staff?
2
A
- ^Profits (profit sharing)
- Organic growth
