Interdependence and Conflict Flashcards
Interdependence between stakeholders are…x6
Owners need customer to buy products to increase profits and customers need owners to provide products at a reasonable price
Employers need owners to provide job security and salaries and owners need employees to run manufacture and sell products
Employees need customers to buy products for jobs stability and customers need employees to sell the products
Owners need the local community to use their services and the local community needs owners to provide services and jobs
Owners want to government offer low taxes and the government want the owner to pay taxes and provide jobs
Owners need suppliers to provide raw materials and deliver on time and suppliers need owners to purchase regular orders and pay on time
Conflict between stakeholders are…x6
Owners want to charge higher prices to increase profit whereas customers want the lowest price possible
Owners want to pay the lowest price for raw materials to reduce production costs whereas suppliers want to charge higher prices
Employees want to be paid a higher salary whereas owners want to pay employees lower wages to increase profit
Owners may be less socially responsible to reduce costs whereas the local community want the owners to protect and look after the area which could cause them to take industrial action
Employees want customers to spend more to increase salaries whereas customers want low prices
Owners want to dominate the market whereas gov want there to be fair competition and customers to get best price
Interdependence means…
Why a stakeholder needs different stakeholder
Conflict means…
The disagreements that happen between toe different stakeholders
