Stakeholders in a Business Flashcards
1
Q
Stakeholders
A
Individuals or groups who have direct interest in the operations of an organisation
2
Q
Internal Stakeholders
A
Stakeholders within an organisation
3
Q
Trade unions
A
An organisation of working people with the objective of improving pay and working conditions.
3
Q
External stakeholder
A
Stakeholders outside an organisation but are still affected
3
Q
Stakeholder Concept
A
The view that businesses and managers have responsibilities to a wide range of groups, not just shareholders.
3
Q
Business Accountability to Stakeholders
A
-To Customers
-To Employees
-To suppliers
-To local community
-To government
