Applied busines - stakeholders
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Have a little read: ... Stakeholders This chapter looks at the groups or people who have an interest in, or influence on, the business. It will also look at potential conflict between these groups. Stakeholders are single people or businesses who have a stake or an involvement on interest in a business. Below are listed all the stakeholders, their role and their influence Stakeholders Role Influence Customer Buy's the promoted product from the business Customers need to be looked after in a business. If a shop is unattractive, a customer will not enter which means no income for the business. Prices also need to be right Employee Provides help to the business. Example: stacking biscuits on top of a shelf in a shop. If not paid properly or the working conditions are poor, the employee will make a complaint or leave the business. If the business wishes them to remain under their roof they must apply actions to the employee's complaints by giving them what they
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