Stakeholders and their influence

Question 1

Who are considered internal stakeholders in a business?

Answer 1

Internal stakeholders include managers, employees, and owners of the business.

Question 2

Who are considered external stakeholders of a business?

Answer 2

External stakeholders comprise shareholders (for public limited companies), suppliers, lenders, competitors, debtors, creditors, customers, government agencies, communities, pressure groups, and interest groups.

Question 3

How can internal stakeholders influence a business?

Answer 3

Internal stakeholders such as managers and employees impact business decisions and operations.

Question 4

How do shareholders influence a business?

Answer 4

Shareholders, especially in public limited companies, have a say in major decisions and can influence company direction.

Question 5

What role do suppliers play as stakeholders?

Answer 5

Suppliers influence the availability and cost of resources for a business’s operations.

Question 6

How do lenders impact a business as stakeholders?

Answer 6

Lenders, such as financial institutions and venture capitalists, provide funding and may influence business decisions.

Question 7

How can customers affect a business’s operations?

Answer 7

Customers’ preferences and demands can shape product offerings and overall business strategy.

Question 8

What influence do government agencies have as stakeholders?

Answer 8

Government agencies can impact businesses through regulations, policies, and requirements.

Question 9

What role do communities play as stakeholders?

Answer 9

Local, national, or international communities can influence a business’s image, practices, and relationships.

Question 10

How can pressure groups affect a business?

Answer 10

Pressure groups advocate for specific causes and can influence a business’s decisions and practices.