Stakeholders- topic 1.4

• Main stakeholders of a business: Employees, customers, owners, community, suppliers, the government.
• A stakeholder is an individual or organisation that affects and is affected by the activities of an organisation.
• The owners are the individuals or organisations to who the business is owned by.
• Dividends are the part of a company's profits paid out to shareholders each year.
• Employees are those people who work for the business
• Suppliers are individuals or businesses that supply goods or services to the business.
• A local community is the people and organisations in the area surrounding a business.
• Objective of stakeholders: To maximise the value of the business for all stakeholders
• negotiation occurs when two sides discuss what they want and try to reach a solution.