Stakeholder objectives

• What is a stakeholder in business?

  Any person or group interested in a business
• Why do stakeholders have different expectations from a business?

  They have different interests in the business
• What can happen when stakeholder expectations conflict?

  The business must balance various interests
• What are the priorities of different stakeholder groups?

  • Shareholders: Profit and business success
  • Managers: Good salary and career progression
  • Employees: Pay, job satisfaction, and security
  • Customers: Quality products at reasonable prices
  • Suppliers: Timely payments and regular orders
  • Local community: Job opportunities
  • Pressure groups: Awareness of their cause
  • Government: Job creation and tax revenue
• Who are shareholders in a business?

  A part owner of a private or public company
• What do managers typically want from a business?

  A good salary and career progression opportunities
• What do employees seek from their jobs?

  Good pay, job satisfaction, and security
• What do customers expect from businesses?

  Good quality products at reasonable prices
• What might the local community expect from businesses?

  Job opportunities in the area
• What is a pressure group?

  A group trying to influence business activity
• What do suppliers want from businesses?

  Timely payments and regular orders
• What do pressure groups aim to achieve?

  Increase awareness of their cause
• What does the government expect from businesses?

  To create more jobs for tax revenue
• How do stakeholders influence business decisions?

  Through their varying interests and expectations
• How can business activities affect stakeholders?

  They can impact profits, jobs, and community welfare
• What is the relationship between stakeholders and business activities?

  Stakeholders are affected by and can affect businesses
• What is the significance of balancing stakeholder interests?

  It helps maintain business stability and success