Chapter 5 Flashcards
1
Q
What are some examples of stakeholder groups?
A
- Customers
- Lenders
- Employees and their familiar
- Suppliers
- Government and government agencies
- Local communities
- Specialist groups
2
Q
Roles rights responsibilities of local community
A
A
3
Q
Rights roles responsibilities of government
A
A
4
Q
Rights roles responsibilities of suppliers
A
A
5
Q
Rights roles responsibilities of employees
A
A
6
Q
Rights roles responsibilities of customers
A
B
7
Q
Impact of business decisions/actions on stakeholders and Theo reactions
A
???
8
Q
How can conflict arise from stakeholders having different aims?
A
For example, if customers want a lower price but employees want higher salaries. This isn’t as direct a conflict but is one.
9
Q
How might changing a business objective affect its stakeholders?
A
- for example, if a business goes from a different corporate objective to profit satisficing, employees could be fired since not as many are needed for this.
