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WorksheetsN6 Bus Mgt Stakeholder Conflict and Interdependence
Total questions: 32
Worksheet time: 16mins
gaining a reward of ownership in form of dividends or drawings
guaranteed regular orders and to be paid on time
provision of well paid jobs for residents and no harm caused to the environment (pollution etc)
loans are paid back on time with full interest which allows profits to be made
high quality goods and services provided at reasonable prices
takes decisions such as who to employ which can bring new skills to the organisation
can take industrial action which halts production and means sales and profits will fall
can increase their prices and charge for delivery which means costs will increase
can protest and raise awareness of unethical business pratices
can refuse planning permission which prevents growth or implement new legislation which means changes to current ways of working (eg. H&S laws)
can grant a loan application which allows a company to introduce new products and advertise new brands, or increase overdraft interest rates which reduces profits
If a shareholder wants higher profits, which stakeholder has a conflict because they want job security and higher wages
Employees
Suppliers
Customers
Local Community
If a shareholder wants higher dividends, which stakeholder has a conflict with this because they want paid on time and to achieve a good price for their products?
Employees
Suppliers
Customers
Local Community
If a manager wants to increase production 24/7 to achieve their bonus, which stakeholder has a conflict with this because they want less traffic during the night to reduce noise pollution?
Employees
Suppliers
Customers
Local Community
If customers want an improvement in the quality of the goods they buy which stakeholder has a conflict with this because they want costs cuts to increase profits and therefore their dividends?
Employees
Suppliers
Shareholders
Local Community
If the local Government wants increased employment in a deprived area, which stakeholder has a conflict with this because they want to implement a factory closure to downsize their business?
Employees
Suppliers
Shareholders
Managers
If customers want to be able to shop in their local supermarket 24/7, which stakeholder has a conflict with this as they want a good life balance and to avoid working anti-social hours?
Employees
Suppliers
Shareholders
Managers
Which statement(s) are an example of the interdependence of stakeholders?
Employees need job security and paid employment and the business needs employees to turn up and complete work given
Customers need good quality products and the shareholders want customers to maintain sales and profits
Shareholders want high profits and dividends and the bank want to receive monthly bank loan repayments
Government want employees to pay taxes and employees want the Government to reduce income tax rates to increase their net salaries
A manager wants to have regular orders of raw materials delivered on time ... which stakeholder needs the regular orders to help maintain their sales and to satisfy their shareholders?
Suppliers
Employees
Customers
Local Government
