STAKEHOLDERS

Question 1

What are Stakeholders?

Answer 1

Stakeholders are an individual or group that are affected by a business and therefore have interest or stake in that business.

Question 2

What are Internal Stakeholders?

Answer 2

They are individuals or groups who work within the business.

Question 3

What are External Stakeholders?

Answer 3

An individual or group who don’t work within the busiess.

Question 4

Interest of Shareholders

Answer 4

To get a return on their investment

Question 5

Interest of CEO’s

Answer 5

To generate profit and coordinate the business strategy

Question 6

Interest of Senior Managers

Answer 6

Strategic Objectives of their functional areas.

Question 7

Interest of Middle Managers

Answer 7

Tactical Objectives for their functional areas.

Question 8

Interest of Foremen and Supervisors

Answer 8

Organizing tactical objectives + Formulating Operational Objectives

Question 9

Interest of Employees

Answer 9

Protection of their rights + Working conditions + Work enviorment + Wage levels