Stakeholders

Question 1

What does a supplier want to do?

Answer 1

the raw materials and equipment that I provide on credit to the business is paid for in time

Question 2

What does an employee want?

Answer 2

my job is safe and secure

I’m being paid fairly

Question 3

Name the external stakeholders

Answer 3

Suppliers
Banks
Society
Environment
Customers 
Donors
Tax payers 
Government 
Unions

Question 4

Name the internal stakeholders

Answer 4

Owners
Shareholders
Managers
Employees

Question 5

What does a government want?

Answer 5

make sure the business operates according to legislation

the business pays correct VAT

Question 6

What do managers want?

Answer 6

make sure that the business achieves its projected targets so that I am paid a bonus

Question 7

What do customers want?

Answer 7

happy with the product or service I have purchased

don’t want to be left feeling that I have been ‘ripped off’

Question 8

What do shareholders want?

Answer 8

Paid a healthy dividend at the end of the year

Hope that the share of my stock rises

Question 9

What does society want?

Answer 9

Organisation to be environmentally friendly

Provide area with equipment

Question 10

Give me the definition of a stakeholder

Answer 10

Stakeholders are people or a business who have an interest in the success of an organisation and they can influence the decisions of the organisation

Question 11

What do the owners want?

Answer 11

My business to be well respected

Make excellent profits

Question 12

What do support agencies want?

Answer 12

Want the business to succeed using the support and advice I have given

Question 13

What do banks want?

Answer 13

Provide an organisation with a loan

Organisation to pay it back in time with the terms and conditions

Question 14

The power a stakeholder can exert will reflect the extent to which……

Answer 14

Stakeholder can disrupt the business plans

Stakeholder can cause uncertainty in the business and its plans

Business needs and relies on the Stakeholder