stakeholders and stakeholder conflicts

Cards (8)

  • what is stakeholder
    Stakeholders are individuals or groups who have a vested interest in the activities of the business”
  • diff stake holders
    Owners/ shareholders Managers are in charge of running sections of a business and are paid a wage and bonuses. Employees are workers that perform various functions in the business and are paid a wage. Customers are the people who purchase the goods/ services made by the business. Suppliers provide goods/ services to the business so it can operate General community are people or groups who may live near the business location or who may be affected by its operations
  • what do employers want
    good financial performance recieve income and dividends want bus to make high profits be sustainable in future keep making profits
  • managers
    want bus to achieve objectives performance based performance job security career development
  • what do employees want

    want to earn as much money job security safe working environment treated equally
  • what do customers want
    pay low prices recieve good quality products and service buy ethically
  • what do suppliers want
    be paid as much as possible for goods and services maximise own profits. establish long term rs ensure ongoing profit
  • what does general community want
    General community wants businesses to provide employment (income for the local area).