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.
Customers are primary stakeholders.
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.
stakeholders wouls be banks, shareholders, employees and customers.
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.
Yes.
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
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.
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.
The external stakeholders in banking industry are : Customers,supplier,creditor, other banking and financing institutions, and the society and environment.
customers
Customers, suppliers, and so on.
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.