Stakeholders Flashcards
What is a stakeholder
Any person/group who has an interest in the success of a business
Owner/shareholder
Internal stakeholder
Wants profits for returns on investments
Employees
Internal
Wants good wages, Jon security and good working conditions
Managers
Internal
Wants to earn bonuses and have a good status
Customers
External
Good quality products and services at a reasonable price.
Bank
External
Wants profits to repay loans
Suppliers
External
Wants Continued orders
Payment for goods supplied on trade credit
Government
External
Wants taxes to be payed and laws to be followed
Local community
External
Wants businesses to provide jobs
Treat the environment well and sponsor and invest in local teams.