The Role of Stakeholders in Business: Objectives, Priorities, and Conflicts

The video tutorial explores the role and influence of stakeholders in a business. It defines stakeholders, differentiates them from shareholders, and discusses their objectives. The tutorial also covers external stakeholders like customers and government, and the importance of balancing their interests. It highlights positive business behaviors and the conflicts that arise between different stakeholder groups.

How do community residents act as stakeholders?

What role do pressure groups play in influencing business behavior?

Why is it important for businesses to balance the objectives of different stakeholders?

What challenges do businesses face in managing conflicts between stakeholder objectives?