Stakeholders Flashcards
External stakeholders
•Bank,
• Suppliers,
• Customers,
• Employees,
• Trade Unions
• Tax Authorities,
• Local Community,
• Investors,
• Potential Investors
State the interest the bank would have as a stakeholder in your business.
To ensure that borrowings are likely to be paid back, or if a loan should be given.
State the interest suppliers would have as a stakeholder in your business.
To check the likelihood of receiveing payment and of continued business.
State the interest customers would have as al stakeholder in your business.
To check that the business can supply them with orders made, and reliability of supply in the future.
State the interest employees would have as a stakeholder in your business.
To ensure that they will be paid their wages and that they have job security.
State the interest trade unions would have as a stakeholder in your business.
To ensure that employees are being offered the right terms and conditions
State the interest tax authorities would have as a stakeholder in your business.
To ensure that tax due by the business on profits and Value Added Tax (VAT) has been paid.
State the interest the local community would have as a stakeholder in your business.
To ensure that jobs are provided in the area, which will impact on other business and services.
State the interest competitiors would have as a stakeholder in a business.
To compare the profitability of the business with their own (for limited companies only)
State the interest investors would have as a stakeholder in your business.
To assess the return on their investment and the safety of their investment.
State the interest potential investors would have as a stakeholder in your business.
To assess the suitability of investing in the business.
