Stakeholdrrs Flashcards
(7 cards)
Stakeholder definition
An individual group or orginisation that has an interest in a business stakeholders can affect or be affected either positively or negatively by the organisation
Internal stakeholder examples
Owners
Shareholders
Managers
Employees
External stakeholders examples
Competitors
Suppliers
Consumers
Financial institutions
Trade union
Local community
Why might job creation /losses may exist between stakeholders
Owners will need to make decisions about making p/taking jobs depending on the market demand for their product in order to ensure the profitability
Why might changes to working conditions between stake holders May exist because
Unions/government/employees may want changes in working conditions that might effect profits
Why might profit distribution between stakeholders exist
Profit of company may need to be invested back into a company for one reason or another which reduces amount of profit stakeholder receives
Why would new government legislation may exist between stakeholders
Government May eg restrict trading hours which would limit the hours a business can trade and consumers can buy from the business
