Page 70 - F1 - AB Integrated Workbook STUDENT 2018-19
P. 70

Chapter 5




               1.3   Internal stakeholders

               Need/expectation:

                    Employees – pay, working conditions, job security

                    Managers/directors – status, pay, bonus, job security


               1.4   Connected stakeholders

               Need/expectation:


                    Shareholders – steady flow of income, possible capital growth, continuation of
                     the business


                    Customers – satisfaction of customers’ needs will be achieved through
                     providing value-for-money products and services


                    Suppliers – paid promptly

                    Finance providers – ability to repay the finance including interest, security of
                     investment


               1.5   External stakeholders


               Need/expectation:

                    Community at large – the general public can be a stakeholder, especially if their
                     lives are affected by an organisation’s decisions

                    Environmental pressure groups – the organisation does not harm the external
                     environment

                    Government – company activities are central to the success of the economy
                     (providing jobs and taxes).  Legislation (e.g. health and safety) must be met by
                     the company


                    Trade unions – taking an active part in the decision-making process


















               64
   65   66   67   68   69   70   71   72   73   74   75