Stakeholders: Business: Pearson (Edexcel): GCSE (9:1)

Stakeholder

Any person or group affected by a business

Stakeholders - Owners

People who have invested in the business or shareholders

Stakeholders - Employees

People who work in the business and are paid by the owners

Stakeholders - Suppliers

People or businesses that provide raw materials to the business

Stakeholders - Community

The people in a place where a business operates

Stakeholders - Government

The state or people who govern the country where a business operates

Stakeholders - Customers

The people who buy goods and services from a business

Stakeholders - Creditors

The people or suppliers that a business owes money to

Stakeholders - Managers

The people who run a business and direct its operation

Conflict of Aims

When two or more stakeholders have different objectives that are not compatible

Owners vs Customers

Higher profits vs Lower prices

Employees vs Managers

Higher wages vs Higher productivity

Owners vs Community

Profit and expansion vs Clean environment

Owners vs Government

Higher profit vs Higher taxes

Owners vs Creditors

Longer time to pay vs Faster payment