5. Glossary Flashcards
1
Q
Stakeholders
Definition
A
Individuals or groups who can be affeected by, and have interest in, any action taken by an organisation
2
Q
External stakeholders
Definition
A
Have an interest in the company but have no direct influence on its decisions and are not directly affected by its performance
Examples: customers, government, media, pressure groups
3
Q
Internal stakeholders
Definition
A
Individuals who work within the business.
4
Q
Stakeholders concept
Definition
A
The view that businesses and their managers have responsibilities to a wide range of groups, not just shareholders
