HBM Unit 1 - Stakeholders
- Created by: karengovig
- Created on: 14-01-18 13:39
Fullscreen
Stakeholders
Stakeholders are people who have an interest in a business. There are two different types of stakeholders to a business: internal and external.
Internal Stakeholders
Internal Stakeholders are stakeholders from within the business.
Examples of Internal Stakeholders are:
- Employees
- Managers
- Shareholders
External Stakeholders
External Stakeholders are stakeholders from outside the business.
Examples of External Stakeholders:
- Suppliers
- Banks and Lenders
- Government
- Local Community
- Customers
Interdependence
Interdependence can be described as why a stakeholder needs another stakeholder.
- Suppliers need managers to keep making purchases so they can make a profit.
- Managers need suppliers to keep supplying raw materials or production will cease.
- Government need managers to provide jobs and…
Comments
No comments have yet been made