Topic 1.4: Stakeholders

Question 1

Stakeholders

Answer 1

Groups of people who have an interest in the activities of a business

Question 2

Internal Stakeholders

Answer 2

Anyone or any groups of people within the organisation

Question 3

External Stakeholders

Answer 3

Individual or groups of people who don’t directly work in the business yet are impacted by it’s efforts and outcomes

Question 4

Power-Interest Model

Answer 4

Used to analyse which stakeholders should be prioritised to satisfy & why