Stakeholders - 1.2.1
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Description and Tags
- Definitions, examples and interests
Last updated 3:33 PM on 9/6/23
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11 Terms
1
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Stakeholders
A person/group/organisation affected by business decisions
2
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Primary benefit of engaging with Stakeholders?
Establishing trust
3
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Role of a stakeholder in decision making?
Providing feedback
4
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Challenges when addressing interests of multiple stakeholders
Establishing priorities
5
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Strategies used to manage stakeholder expectation?
Clear Objectives
Communicating pro-actively
Developing a code of conduct
Communicating pro-actively
Developing a code of conduct
6
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Stakeholders - Interests of Owners
More profits
Company expansion
Company expansion
7
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Stakeholders - Interests of Customers
Good service
Quality of products
Safety and Security
Good prices and value for money
Quality of products
Safety and Security
Good prices and value for money
8
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Stakeholders - Interests of Employees
Good salaries and wages
Job security
Promotion opportunities
Working conditions
Job security
Promotion opportunities
Working conditions
9
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Stakeholders - Interests of the Government
Taxes
Jobs/occupations
Jobs/occupations
10
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What is the difference of wages and salaries?
Wages are weekly pay
Salaries are annual pay
Salaries are annual pay
11
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Examples of stakeholders?
Investors
Owners
Employees
Customers
Local Community
Government
Owners
Employees
Customers
Local Community
Government
Note 
Flashcards (33)