influnces on stakeholder rs
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8 Terms
internal factors
management and leadership
objectives
size/ownership
management and leadership
differing leadership styles determine how managers view employees, eg blake and mouton grid
objectives
profit obj more aligned to shareholder interests
growth obj more aligned w employees interests
size/ownership
sole trader wont have pressures of meeting shareholder expectations and may not have as big of impact on local community
External factors
market conditions
stakeholder power
government policy
market conditions
demand and competitiveness of a market will change priorities of a business
stakeholder power
majority shareholders and key customers will be given more focus than stakeholder with limited power to influence the business
government policy
business will have to meet legal requirements, no matter how it impacts stakeholders eg new employment legislation.
