1.3 stakeholders Flashcards
(7 cards)
what are conflicting interests between stakeholders?
Stakeholders may place competing demands on businesses. Some of their expectations/demands are in conflict or not compatible as they oppose each other.
what are shareholder interests?
The business being successful so they don’t lose their investment or receive no dividends.
what are management interests?
Recognition of their ability to achieve business objectives and provide them with security in their role.
what are employee interests?
High wage, job security, safety and job satisfaction
what are customer interests?
Rely on business to provide them high quality goods/services at a reasonable price, and high levels of customer service.
what are supplier interests?
To sell a large quantity of materials at the highest price and for long-term relationships with businesses.
what are community interests?
The business being successful so that they offer employment and attract customers into the community. Also what the business is doing for the community such as sponsoring local clubs.
