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