Stakeholders Flashcards
1
Q
What is a stakeholder?
A
An individual or group that is directly or indirectly affected by the action of a business.
2
Q
What is the employees objective as a stakeholder?
A
To earn money
3
Q
What is the impact and influence stakeholders have on a business?
A
Stakeholders influence the business’s decisions as they will provide another perspective on the consequences of certain choices.
4
Q
How do businesses face conflict between stakeholders?
A
Stakeholders may dispute over the interests of the business. The business would aim to address all of the stakeholders’ concerns and produce the most favourable outcome.
