Stakeholders and Corporate Culture 2

Question 1

Different environments in a business

Answer 1

Internal; employees, managers, shareholders
Operating; suppliers, customers, competitors
Macro; government, societyh

Question 2

Corporate culture

Answer 2

‘how we get things done here’ (official, desired values or beliefs that company puts to the public, or real, how employees actually behave through observation)

Management structure, choice of management style, policies, form of communication and dress code (formal/informal), people, physical environment, all affect corporate culture

Question 3

Define stakeholder

Answer 3

Stakeholders have an ongoing vested interest in a business, affected by business’ activities/actions