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What is a stakeholder?
A stakeholder is a person who has an interest or influence on a company, these people could include eg. Banks, Suppliers and the Local Community ect.
Internal Stakeholders:
Owners.
Directors.
Workers.
Community.
Shareholders.
Employees.
Customers.
External stakeholders:
Pressure groups.
Trade unions.
Government.
Local and national
communities.
Banks.
Suppliers.
Government.
Employees: Employees can influence the success of an organization by their productivity and efficiency in the job, and the way it is run.
Community/Customers: The local community to a business or organization can have a huge influence, depending on how they run the business or organization, they could boycott or protest against them.
The local community: The local community can have a huge influence on a business by boy-cotting or leaving bad reviews, giving them a bad status.
The government: Can have a huge influence on your business as they could increase taxes causing your business to lose profits.
Competition: They could make their prices competitive making it harder for the other companies to sell their products.
Owners: The interests of the owners in the business is to keep making profit, and expanding the business.
Managers: The interests of the managers are to keep the business running smoothly and keep customers happy.
Staff/Employees: An interest of the staff are to give customers a good experience, so they come back happy.
Customers: The Interests of the customers are good experience and good quality products.
Banks: If the bank gives a company a loan, they have interests in insuring that that company doesn't go bankrupt, and keep making profit so that they can pay back their loan.