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What do certain stakeholders have the most influence of in business?
Wiki User
∙ 9y ago
Owners have a big say in how the aims of the business are decided, but other groups also have an influence over decision making. For example, the directors who manage the day-to-day affairs of a company may decide to make higher sales a top priority rather than profits.
Customers are also key stakeholders. Businesses that ignore the concerns of customers find themselves losing sales to rivals.
In a small business, the most important or primary stakeholders are the owners, staff and customers. In a large company, shareholders are the primary stakeholders as they can vote out directors if they believe they are running the business badly.
Less influential stakeholders are called secondary stakeholders.
Wiki User
∙ 9y ago
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Who are the business stakeholders?
Stakeholders in a business are any entity that is effected by the operations of that business in some way. The most obvious stakeholders are employees, owners, and customers. Other stakeholders are indirect stakeholders such as competitors, the neighborhood the business is in, the government, and the environment.
Which stakeholders are most important?
The stakeholders that are the most important are the ones that hold controlling interests in a company. These stakeholders can change the makeup of a company.
Who are the most important stakeholders?
the stake
Who are the most important stakeholders in Barclay's bank plc?
Internal - Directors & shareholders. Directors implement strategies, shareholders influence the directors. External - Customers and competitors. Products and services are aimed at customers wants and needs and what their competitors are providing.
Why are business activities are important in society?
Bussiness activties are important because most people need jobs and come to certain towns for those jobs and if there is no business most like there won't be any people because people aslo need business to supply there neccesaties.
Who are the business stakeholders?
Stakeholders in a business are any entity that is effected by the operations of that business in some way. The most obvious stakeholders are employees, owners, and customers. Other stakeholders are indirect stakeholders such as competitors, the neighborhood the business is in, the government, and the environment.
Who are the stakeholders in a business?
The stakeholders in a business are any group that are interested in the success of the business such as: the owners, managers, suppliers and most of all the customers.
Which stakeholders are most important?
The stakeholders that are the most important are the ones that hold controlling interests in a company. These stakeholders can change the makeup of a company.
What are the three most important stakeholders of McDonald's and how is the organisation responsible to them?
The customers are most important, they affect whether the company goes bust or succeeds -> no customers = no business
What are the roles of stakeholders?
The role of stakeholders is really determined by the company itself. A stakeholder has some interest, usually financial in the company. Some companies use this to their advantage thinking that those with money at risk are most likely to have the best interest of the company at heart. You see this in small business and some large business every day as the owner and others invested in the business make strategic decisions. Other companies decided that management knows best and managers appointed by the board of directors make the decisions on behalf of the stakeholders as in most large companies.
Who are the most important stakeholders?
the stake
Did operas influence the audience?
most definitely yes operas were written to move an audience and to influence them into thinking/feeling certain things
Who are stakeholders of animal cloning?
(This is a list of a few I could think of)Stakeholders who (most likely) Oppose: -Animal rights activists-Certain religious groupsStakeholders who (most likely) Support:-Wait-listed patients who need organs- Doctors who would rather not have to work with human to human transplants
When unethical acts are discovered in a firm in most instances?
Stakeholders
What is regional business?
A regional business is one that only does business in a certain region. An example of a regional business would be L.L. Bean which operates most of their stores in the New Elngland region.
What role in business does the political and legal environment have?
Every business is affected. The bigger the business, the greater the influence. For any business of significant size, regulatory and legal issues are the most important factor in determining survival and profitability.
Who are the most important stakeholders in Barclay's bank plc?
Internal - Directors & shareholders. Directors implement strategies, shareholders influence the directors. External - Customers and competitors. Products and services are aimed at customers wants and needs and what their competitors are providing.
