Stakeholders Flashcards
What are stakeholders ?
Anyone with an interest or influence on the business
Give an example of an internal stakeholder ?
Owners
Shareholders
Employees
Why do shareholders care bout being stakeholders in a business ?
Because they get dividends (they’re cut of the business)
What are some external stakeholders of a business ?
Customers
Suppliers
Government
Community
What’s difference about owner control ?
They usually will have control but are influenced by external and internal stakeholders
What will employees do if they are not happy with they’re wages ?
Strike
What are the efffects of strike on a business ?
They will have very low productivity so will be hard for a business
How can external stakeholders influence a business ?
For example customers can just stop buying the product
What’s a very influential stakeholder in a business ?
Stakeholders they can make decisions and are very interested
What’s a stakeholder that is not very influential ?
Community although they are very interested so you need to keep them happy an informed
