STAKEHOLDERS IN BUSINESS

They want to buy quality goods from a business for a fair price.

• employees

• lenders

• customers

• managers

They want to make a profit on the money they have invested in the business.

• customers

• managers

• government

• owners / shareholders

Businesses pay them taxes.

• local community

• customers

• employees

• government

They often want to receive a promotion or a pay rise.

• customers

• local community

• employees

• suppliers

They supply products to a business (For example: coffee beans and milk to make a cup of coffee)

• lenders

• suppliers

• managers

• government

Businesses can have a positive effect on them. For example, businesses create jobs or support local charities.

• communities

• managers

• lenders

• employees

Businesses borrow money form them.

• managers

• employees

• local communities

• lenders

They try to make sure that the business achieves all of its objectives.

• lenders

• managers

• local communities

• suppliers

What are stakeholders?

• Anybody who knows the name of the business
• Anybody who takes an interest in a business
• Anybody who works for the business
• Anybody who buys from the business

True or False: stakeholders can be internal and external.

• True
• False