Stakeholders Flashcards
1
Q
What is a stakeholder?
A
People or groups who have an interest or stake in the activities of a business
2
Q
Who can be the stakeholders of a business
A
Owners Workers Suppliers Government Financiers Local community
3
Q
How can stakeholders influence within a business
A
Negotiation - employees may ask her better pay or less time
Direct Action - if customers are unhappy, they may stop buying from that company
Refusal to co-operate - local councils, when unhappy with a business behaviour, may do this
Voting - owners, may vote on what the business should do next
