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Business Studies | Unit 1
Stakeholders
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Toby McLachlan
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Cards (40)
Employees
work within the
organisation
to produce goods/services
Shareholders
are owners of the
company
who have invested money into it
Stakeholder
- any individual or group that has an interest, concern, or influence on the
business
.
Shareholders
are owners of the
business
who invest money into it
Suppliers
supply raw materials, components or finished products to the
business
Customers
buy products or services from the
business
Suppliers
supply
raw materials
, components or finished products to businesses
Employees work
within
the business
Competitors
compete with the business
Government
regulates businesses through laws such as health & safety
legislation
Customers
buy the product made by the
business
Suppliers
supply
raw materials
needed by the business to make products
Government
regulates
businesses through laws and taxes
Suppliers
supply
raw materials
to businesses
Customers
buy products from businesses
Government agencies
regulate the activities of businesses
Government
regulates businesses through
legislation
such as
health & safety laws
Competitors
offer similar
goods/services
as the business
Government agencies
regulate the activities of the business
Stakeholder analysis
involves identifying stakeholders and assessing their level of
influence
on the business.
Community
is made up of local
residents
and other organisations that may be affected by the business' activities
Stakeholder
is anyone who has an interest or involvement in the
success
/failure of the business
Stakeholder
theory
suggests that all stakeholders have an interest in the success or failure of the
business
.
Employees
work for the business
Community
is affected by the actions of the
business
Creditors
are
owed
money by the business
Shareholders
own shares in the company, which gives them
ownership rights
over the business
Creditors
lend
money to the business
Shareholders
own shares in the company and receive
dividends
from profits
Shareholders
own shares in the
company
Suppliers
sell
raw materials
/components to the business
Suppliers
sell goods or services to the business
Suppliers
provide raw materials, components, services, and products to the
business
Customers
buy products from the
business
Employees
work for the
business
and contribute to its operations
Employees include full-time
employees
, part-time workers,
contractors
, and volunteers
Shareholders
are individuals, institutions, or companies that own shares in the
business
Customers
can be individuals or
organisations
purchasing products or services from the business
Highly influential
stakeholders
are those who have both high levels of
power
and influence over the
business
.
Community members
have an interest in how the
business
operates within their community