Business Stakeholders

• Stakeholder


  Any person, group of people or other organisation that has an interest in the activities of a business
• Types of stakeholders


  • Shareholders and owners
  • Managers
  • Employees
  • Customers
  • Suppliers
  • Local community
  • Pressure groups
  • Government
• Shareholders and owners


  (In a PLC) People who influence the business' aims, objectives and strategic activities

  (In an LTD) People who make business decisions but need to agree them with other shareholders
• Managers


  Staff who are responsible for implementing the decisions made by the owners and overseeing the work that is required
• Employees


  Staff who carry out the day-to-day work of the business
• Customers


  People who buy products or services from the business
• Suppliers


  Other businesses and organisations that provide products or services to the business, e.g. a utility company that supplies it with electricity, or a business that provides the seats used when producing a car
• Local community


  People, organisations and businesses that live or are located in the area around the business
• Pressure groups


  Groups of people who share a common interest that is related to the business, e.g. an environmental pressure group may actively promote a shared interest
• Government


  The business will make tax payments to both local and central government
• It is important to distinguish between a stakeholder and a shareholder. Shareholders hold shares in a business, which means they own part of it and stakeholders have an interest in a business but do not own it (unless they are also shareholders).