Private Sector stakeholders Flashcards
What are the private sector stakeholders?
Shareholders/owners- internal
Employees- internal
Customers- external
Suppliers- external
Local Community- external
Banks- external
Local Government- external
National Government- external
Pressure Groups- external
What is the interest and influence of shareholders/owners?
Interest- want to receive a good dividend/share of the profits.
Influence- can invest more/less money into the business.
What is the interest and influence of employees?
Interest- want to receive a fair wage for the work that thye do.
Influence- can offer good/bad customer service and can take industrial action.
What is the interest and infuence of customers?
Interest- want to receive good quality products at a fair price.
Influence- can decide to shop elsewhere and can leave psoitive/negative reviews.
What is tthe interest and influence of suppliers?
Interest- want to be paid on time and receive future orders.
Influence- can increase the prices of their raw materials and can fail to deliver materials on time.
What is the interest and influence of local community?
Interest- want local jobs created in the area.
IInfluence- can complain to their local council or MP.
What is the interest and influence of banks?
Interest- want loans to be repaid on time.
Influence- can refuse to provide loans.
What is the interest and influence of local government?
Interest- want local jobs created in the area.
Influence- can refuse/grant planning permission
What is the interest and influence of national government?
Interest- want corporation tax paid on time.
Influence- can increase/decrease the rate of corporation tax.
What is the interest and influence of pressure groups?
Interest- want businesses to support their cause.
Influence- can hld demonstrations and protests against a business’ stance on their cause.
