Stakeholders Flashcards

1
Q

List 4 key stakeholders

A

Owners
Managers
Employees
Customers

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2
Q

Describe the influence owners have on a organisation

A

Increasing or decreasing investment in the business will affect development of the business.

Make major decisions that affect direction and aims of the business

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3
Q

Describe the influence managers have on a organisation

A

Making good management decisions and influencing the direction of the organisation

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4
Q

Describe the influence employees have on a organisation

A

Providing good customer service that will give the business a good reputation.

Influence sales and profits of the business

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5
Q

Describe the influence customers have on a organisation

A

Buying products and giving food recommendations that will increase sales and reputation

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6
Q

List who owners may have a co flick with

A

Government
Employees
Suppliers

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7
Q

Why may owners have a conflict with government

A

Government want high tax payments, minimum wage.

Owners want high profits & low costs

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8
Q

Why may owners have a conflict with employees

A

Better pay and food working conditions

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9
Q

Why may owners have a conflict with suppliers

A

Sell their goods at high pricesp

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