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Customers influence stakeholders by shaping market demand and driving business strategy through their preferences and feedback. Their purchasing behavior and brand loyalty can impact a company's reputation and financial performance, prompting stakeholders to prioritize customer satisfaction and engagement. Additionally, customers can advocate for changes in products or services, pushing stakeholders to adapt to evolving market trends and consumer expectations. Ultimately, the voice of the customer is a powerful force that can guide decision-making across an organization.
What else can I help you with?
Is SABMiller's customers their secondary stakeholders?
Customers are primary stakeholders.
How do stakeholders influence the customers of thorpe park?
A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business.
Who are stakeholders of marks and Spencer?
stakeholders wouls be banks, shareholders, employees and customers.
Examples of external stakeholders?
External stakeholders are individuals or groups outside of an organization who have an interest or influence in its operations and outcomes. Examples of external stakeholders include customers, suppliers, shareholders, government agencies, non-governmental organizations, and the local community.
What is internal and external stakeholder?
someone outside the business who provide or use the services given eg customers, society, governemnt, unions and suppliers.Entities such as customers, suppliers, lenders, or the wider society which influence and are influenced by an organization but are not its 'internal part' x
Are customers stakeholders?
Yes.
What do certain stakeholders have the most influence of in business?
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.
What is the dafination of stakeholders?
Stakeholders are individuals or groups that have an interest in or are affected by the outcomes of a project, organization, or decision. They can include employees, customers, suppliers, investors, communities, and government entities. Stakeholders can influence or be influenced by the actions and policies of an organization, making their engagement and management crucial for success.
Who are the external stakeholders in a bank?
The external stakeholders in banking industry are : Customers,supplier,creditor, other banking and financing institutions, and the society and environment.
Who are the stakeholders in Tri-state telephone?
customers
Who are outside stakeholders?
Customers, suppliers, and so on.
Who are the external stakeholders in the retail?
External stakeholders in the retail industry include customers, suppliers, investors, and regulatory bodies. Customers influence retail through their purchasing choices and feedback, while suppliers provide the necessary products and materials for sale. Investors seek financial returns and may influence business strategies, and regulatory bodies establish guidelines that govern retail operations, ensuring compliance with laws and regulations. Together, these stakeholders play a crucial role in shaping the retail landscape.
