Section 1 - 1.4 Stakeholders Flashcards

1
Q

Conflict

A

Refers to situations where stakeholders have disagreements on certain matters due to differences in there opinions. This can lead to argument and tension between various stakeholder groups

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2
Q

External stakeholders

A

Are individuals and organizations not part of the organization but have a direct interest in its activities and performance e.g. customers, suppliers, pressure groups and the government

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3
Q

Internal stakeholders

A

Are members of the organization e.g. employees, managers, directors and shareholders

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4
Q

Pressure groups

A

consist of individuals with a common concern who seek to place demands on organizations to act in a particular way or influence a change in their behavior

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5
Q

Shareholders/ stockholders

A

are owners of a limited liability company. Shares in a company can be held by individuals or other organizations

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6
Q

Stakeholders

A

Are individuals or organizations with a direct interest in the activities and performance of a business e.g. shareholders, employees, customers and suppliers

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