Business 1.4 - Stakeholders Flashcards
external stakeholders, rival businesses of an organization
competitors
situations where stakeholders have disagreements on certain matters due to differences in their opinions
conflict
external stakeholders, the clients of a business
customers
internal stakeholders, senior executives who have been elected by the company’s shareholders to direct business
directors
internal stakeholders, staff of an organization; have an interest to have better pay, working conditions, etc
employees
individuals and organizations not part of the organization but have a direct interest in its activity and performance
external stakeholders
external stakeholders, financial institutions (banks) and individual investors (business angels) who provide sources of finance for an organization
financiers
external stakeholder, interested in whether a business is complying with the law
government
members of an organization: employees, managers, directors and shareholders
internal stakeholders
external stakeholders, general public and local businesses that have an interest in the business
local community
internal stakeholders, people who oversee the daily operations of a business
managers
individuals with a common concern who seek to place demands on organizations
pressure groups
inability of an organization to meet all its stakeholder objectives simultaneously
stakeholder conflict
model that assesses the relative interest of stakeholders and their relative influence/power on an organization
stakeholder mapping
internal stakeholders, owners of a limited liability company
shareholders (stockholders)
