business revision cards

Internal stakeholders

Owners- in diffrent businesses theres diffrent owners. Some owners are also employees working within the business. Sole traders would have one owner who woked in the business same as a partnership but 2 owners working within the business. An owner is an individual or entity who owns a business entity in attempt to earn a profit from the succesfull operations of the company generally making decisions and has first right of profit. 

Employees- employees have a clear intrest in the business where they work they rely on work for their pay which they will use to live on also they will look upon work to provide them with some security for the future. An employee weather a manger or a worker has every intrest in keeping the business going. An employee is someone employed for wages or a salary by working for a business.

External Stakeholders

Customers- customers want to see the business continue in operation. They may for example rely on a corner shop for there daily needs. Other customers may just look for low prices and good service some are pleased when a new superstore opens as they like choiceand possible low prices and deals. A customer is aperson who buys goods or services from a company or business.

Suppliers- a business that supplies goods and services  to another clearly want the business to continue and grow. If a business fails for any reason other businesses are often affected in some way. If a business is found in a bad situation or difficulty the supplier may stop supplying those materials in order to reduce the risk of loss. A supplier is a person or organisation that provides something needed such as a product or service.

Government-  stakeholder is someone who has an interest in a business. The government is interested in businesses as they set out the regulations and need the businesses to do well to kepp the economy healthy. A stakeholder is someone who has an interest in a business. the govenment is a group of people with the authority to govern a country or state; a particular ministry in office.

Local community- A stakeholder is any individual, group or community living within the influence of the site or likely to be affected by a management decision or action, and any individual, group or community likely to influence the management of the site.  local community is a group of interacting people sharing an environment. In human communities, intent, belief, resources, preferences, needs, risks, and a number of other conditions may be present and common, affecting the identity of the participants and their degree of cohesiveness.A local community is a group of interacting people sharing an environment. In human communities, intent, belief, resources, preferences, needs, risks, and a number of other conditions may be present and common, affecting the identity of the participents.

Primary research - Primary research is any type of research that you go out and collect yourself. Examples include surveys, interviews, observations, and ethnographic research. A good researcher knows how to use both primary and secondary sources in her writing and to integrate them in a cohesive fashion.

questionaires -A questionnaire is a research instrument consisting of a series of questions for the purpose of gathering information from respondents.

inerviews - a meeting of people face to face, especially for consultation.

trails - a test of the performance, qualities, or suitability of someone or something.

focus groups - a group of people assembled to participate in a discussion about a product before it is launched, or to provide feedback on a political campaign, television series, etc.

advantages - they are cheaper than interviews to collect data and they can  easily target pariculer consumers for example