business stakeholders Flashcards
define stakeholder
an individual or a group who have interest in the operation and running of a business
why is an owner a stakeholder
to make sure that they get financial returns on their investments as they’re taking risk of starting a business
why is a customer a stakeholder
to make sure they get the best quality products for reasonable prices
why are employees stakeholders
to make sure they have good working conditions, to demand fair wages
why are managers stakeholders
to lead teams, to solve problems, to settle disputes, to motivate workers, to make key decisions, to demand for higher salaries
why are financiers stakeholders
to make sure that the business is able to make repayments in the future with an interest
why are suppliers stakeholders
to know whether a business is able to make timely payments for goods supplied, to make sure the consumers make regular orders
why is local community a stakeholder
to have employment opportunities and higher wages, to have contribution to community development
why is government a stakeholder
to lower the unemployment level, to receive taxes, to regulate business activities
list stakeholders
owners, customers, employees, managers, suppliers, financiers, local community, government,
