characteristics of stakeholders

Question 1

stakeholders

Answer 1

groups or individuals who have a vested interest in a business and are affected by its activities. all businesses have stakeholders both inside and outside the business.

Question 2

key stakeholders

Answer 2

government, suppliers, employees, customers, competitors, shareholders

Question 3

government interests and CSR considerations

Answer 3

community employment, safety, taxes

Question 4

suppliers interests and CSR considerations

Answer 4

business objectives, good business relationship

Question 5

employees interests and CSR considerations

Answer 5

job security, income, safe working conditions

Question 6

customers interests and CSR considerations

Answer 6

good quality products, reasonably priced, efficient service, customer service

Question 7

competitors interests and CSR considerations

Answer 7

more market share, compete with businesses products,

Question 8

shareholders and CSR considerations

Answer 8

profits through dividends, market share, business size

Question 9

conflict between shareholders and employees

Answer 9

an employee requires safe working conditions and reasonable wages, this causes a conflict of interest to shareholders as this will reduce the business net profit and there dividends

Question 10

conflict between management and customers

Answer 10

management want to make us much profit as possible with high dividends to satisfy shareholders, they often do this by raising the price or lowering quality of a product. this is in conflict to the interests of customers who expect reasonably priced products with a high quality

Question 11

scr defintion

Answer 11

refers to going above and beyond a businesses legal obligations towards stakeholders. this is in reference to the triple bottom line of not only financial, but also social and environmental factors.