1.5 Stakeholders

• Stakeholders:


  People who have an interest in a business
• Owners


  Internal

  See profit as their main aim - will want to run the business cost efficiently
• Employees 


  Internal

  Want to be treated well and receive a fair wage
• Customers


  External

  Want to receive a good service and pay a fair price
• Suppliers 


  External

  Want to be paid on time
• Government 


  External

  Want businesses to succeed - an increase in income tax means less customers
• Local community 


  External

  Want jobs in their area - however a business may be disrupting