People in Business

Business

Any organisation set up to provide goods and services. Can be commercial or non commercial

Stakeholders

Different groups of people who are directly affected by how the business is run.

Entrepreneurs

People who take the initiative and risk turning an idea into a business for a profit.

Investors

People who provide finance for the business

Employers

Recruit staff the work for them

Employees

Recruited to assist business in return for a wage

managers

people responsible for running a business and achieving its goals. They must plan, organise and control and have leadership, motivation and communication skills.

producers

the business that makes the product to sell to customers

suppliers

business that supply raw materials needed by the producer

consumers

customers purchase goods for their own use or resale

society

refers to local community and wider society nationally and globally. Wants business to behave in responsible manner and not damage environment etc.

government

refers to local and national authorities that set rules by which businesses must operate. Want businesses to: provide jobs, obey law, pay taxes. in return they provide schools, hospitals etc.

interest groups

organisations or people who share a common interest or goal. Influence decisions of others by lobbying or legal action.

lobbying

refers to to a deliberate effort by interest groups to influence decision makers by promoting a particular point of view.

IBEC

Irish Business and Employers Confederation. Main organisation representing large and medium businesses in ireland. They influence trade unions and provide advice.

-provides advice

ISME

Irish Small and Medium Enterprises. speaks for and advises small and medium enterprises

trade associations

business interest groups that represent businesses involved in similar types of activities. Eg. SIMI(society for irish motor industry), FDII(food and drink industry ireland)