Stakeholders

Question 1

What is a stakeholder

Answer 1

Individuals or groups with an interest in the business, they may affect or be affected by the activities of a business

Question 2

What do owners want

Answer 2

Want the business to succeed - profit

Question 3

What do shareholders want

Answer 3

Want business to succeed - profit

Question 4

What do directors want

Answer 4

Appointed by the board of of limited company - succeed - salary

Question 5

What do managers want

Answer 5

Responsible for day to day operations - success - salary

Question 6

What do producers want

Answer 6

Supply raw materials - working relationship - prompt payment

Question 7

What do consumers want

Answer 7

Price, convenience, quality, customer service

Question 8

What do lenders want

Answer 8

Financial providers - want business to succeed - repay loans

Question 9

What do employees want

Answer 9

Livelihood - job security - wages

Question 10

What do pressure groups want

Answer 10

Business activity- PR good / bad - activists

Question 11

What do the community want

Answer 11

Successful business brings employment - workers have more money to spend - multiplier effect, workers spend more money locally