Stakeholders Flashcards
what is a stakeholder
anyone who is interested in the success of the organisation
what is the conflict between stakeholders and others
profit share
prices
wages
supplies
what is the conflict of profits
shareholders want high profits and employees want high wages
what is the conflict between prices
shareholders want high profits customers want low prices
what are the conflict between wages
shareholders want higher profits employees want higher wages
what is the conflict with supplies
suppliers want high prices managers want the best deals
what are stakeholder interdependence examples
employee and stakeholders
suppliers and managers
banks and managers
employees and customers
what is the interdependence between employees and stakeholders
employees need to do their task to the best standard for the stakeholder to get good return
what is the interdependence between suppliers and managers
managers need suppliers to provide good quality materials to get good return
what is the interdependence between banks and managers
managers rely on money to fund business expansion and banks need the additional finance
what is the interdependence between employees and consumers
employees need consumers to carry buying to get profit and prevent redundancy
what are interdependence between the org and the stakeholder
owner and the org
manager and the org
employees and org
customer and org
what is the interdependence between the org and the owner
owners must maintain their investment to fund activities and get profits
what is the interdependence between the org and the manager
manager must make good decisions to endure objectives are met
what is the interdependence between the org and the employees
employees must work hard to achieve objectives
