Stakeholders

Stakeholders

Individuals, groups, or organisations who have a vested interest in the performance and activities of a business.

Owners

Individuals who establish, invest, and have a share in a business, often aiming for profit from its operations.

Manager

An individual who oversees and coordinates a business’s employees and leads its operations to achieve the business’s objectives.

Employees

Individuals hired by a business to complete work tasks and support the achievement of its objectives.

Customers

Individuals or groups who interact with a business by purchasing and utilizing its goods and services.

Suppliers

Individuals or groups that source and sell raw materials and components to a business for production.

General community

Individuals and groups impacted by a business’s operations and decisions, often based on their proximity to the business.

Vested interest of Owners

Establishing and fostering positive relationships with other stakeholders to enhance business reputation and performance, receiving a return on their investment, often through business growth, in the form of increases in share price, dividends, or profits.

Vested interest of Managers

Having opportunities to increase their status and engage in career advancement and promotion, receiving bonuses from business owners for achieving business objectives.

Vested interest of Employees

Provision of long-term job security, receiving fair pay and working conditions.

Vested interest of Customers

Receiving high-quality goods and services at affordable prices, engaging with businesses that are ethical and sustainable.

Vested interest of Suppliers

Increasing their revenue, earning a profit from the raw materials and resources they supply.

Vested interest of General Community

Observing business activities that lead to improvements in the community and environment, increasing the local employment rate and boosting the local economy.