Internal and external stakeholders

One stakeholder wants high wages, the other wants lower costs. What two stakeholders may be in conflict over this?

• Customers and Owners

• Government and owner

• Employees and Owners

• local community and employee

Stakeholders are

• People who can influence the behaviour of businesses 

•  Individuals, groups or organizations that are affected by the behaviour of businesses 

• All those parties directly working for an organization and are affected by its actions

• The people or organizations that own shares in the business

External stakeholders include 

• customers

• Owners

• Community

• CEO

. 

Owners will be interested in

• promotion

• Job security

• Higher pay

• Profit maximization

What influence would customers have on a business?

• They may withhold their support and work.

• They may refuse to lend money to the business

• They may increase their prices and refuse trade credit.

• They may stop purchasing and make poor reviews.