Exam code:7131
An introduction to stakeholders
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Stakeholders are individuals or groups that affect or are affected by the actions of a business
Key business stakeholders
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A business needs to take into account the needs and interests of its stakeholders to operate successfully and ensure long-term success
Internal stakeholders
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Internal stakeholders are individuals or groups inside the business:
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Employees
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Managers and directors
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Business owners
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Objectives of internal stakeholders
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Stakeholder |
Objectives |
Example |
|---|---|---|
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Owners |
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Employees |
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Management |
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External stakeholders
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External stakeholders are individuals or groups outside of a business:
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Customers
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Shareholders
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Creditors
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Suppliers
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The local community
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The local and national government
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Pressure groups
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Objectives of external stakeholders
|
Stakeholder |
Objectives |
Example |
|---|---|---|
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Customers |
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Shareholders |
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Suppliers and creditors |
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The local community |
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Local and national government |
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Pressure groups |
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Responses