The importance of stakeholders 1 Flashcards
1
Q
3 examples of internal stake holders
A
Employees
Managers
Shareholders
2
Q
4 Examples of external stakeholders
A
Suppliers
Customers
Local community
Government agencies
3
Q
What is a stakeholder
A
Stakeholders are group or individuals who have an interest in the business
4
Q
Interests of Employees in a business?
A
- good income
- job security
- safe working conditions
5
Q
Interests of shareholders in a business?
A
- return on investment
- Increased value of shares
- the growth of the company
6
Q
Interests of suppliers in a business?
A
- Fair prices
- Paid on time
7
Q
Interests of customers in a business?
A
- good service
- value for money
- reliable
8
Q
Interests of local community within a business?
A
- employment
- investment in the local area
- no pollution
9
Q
Interests of government agencies in a business?
A
- Tax
- Abide by rules
- fair and open trade
