Stakeholders Flashcards
Conflict between managers and customers
Managers want high profits
Customers want best quality for cheapest price
Conflict between managers and employees
Managers want to close a branch to save on staff wages
Employees want to keep their jobs
Conflict between customers and shareholders
Customers want good quality st a good price
Shareholders want reduced costs and higher dividends
Conflict between managers and local communities
Managers want high sales and expansion of operations
Local community and to protect their local environment
Conflict between management and suppliers
Management want discounts for bulk buying and good credit
Suppliers want prompt payment at high prices
Interdependence between managers and employees
Managers want employees to operate the business
Employeees need managers to provide secure jobs
Interdependence between suppliers and managers
Suppliers need managers to buy their stock
Managers need suppliers to provide good quality stock on time
Interdependence between customers and employees
Customers need good quality service from employees
Employees need customers to buy so they have job security
Interdependence between employees and managers
Employees need managers to pay wages and give them training
Managers need employees to give food customer service
Interdependence beteeen government and managers
Government need jobs provided so businesses pay tax
Managers need government to ensure it can continue trading