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Different stakeholders want different things from a business.
Customers want a cheap but quality product, but shareholders want a high profit margin.
Employees may want higher wages, but shareholders want to cost minimise meaning a reduction of wages
The community may want a more environmentally friendly production process. But if customers want a cheap product, yet a more environmentally friendly production process may increase production costs thus increasing retail price.
Shareholders conflict with each other. Some have short term incentives. They want high dividends and no long term expensive investments. However a long term incentive shareholders will be prepared for no dividend if it means their investment will make a high profit later on
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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.
What are the different type of stakeholders in a business?
Stakeholders in a business include:stock holders or ownersemployeescustomerssuppliersneighborslenders (of financial resources)
What is the owners in stakeholders?
Owners in stakeholders refer to individuals or groups that hold ownership in a business, such as shareholders in a corporation or sole proprietors in a small business. They have a vested interest in the company's performance and profitability, as their financial investment directly impacts their returns. Owners often influence key decisions, policies, and the overall direction of the organization, making them critical stakeholders in the business ecosystem. Their interests can sometimes conflict with those of other stakeholders, such as employees or customers, creating a dynamic balance of priorities.
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.
Identify external stakeholders of a business?
external stakeholders of a business are government, local, community, pressure, groups and the media.
Why do claims and interests of stakeholders sometimes conflict?
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Who are the stakeholders of a small business?
Stakeholders of any business are people affected by the decisions the particular business makes. It can be the owners, employees, customers, suppliers, people living in the area...
Conclusion of business communication?
Business communication must be efficient and clear to gain the interest of stakeholders. These stakeholders include employees, stockholders and customers.
Stakeholders of a business?
people that are interested in the business, ( customer, employees, competitors e.t.c)
Ethical issues in business are defined by?
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.
What are some examples for internal stakeholders?
People who are employed or owned by a business, organisation or project who have a vested interest in the business (such as owning company shares) are internal stakeholders. Internal stakeholders can include any employee, from the CEO down to the workforce.
