0
Stakeholders are people who have a vested interest in the company. Internal stakeholders include Employees, Managers, Owners/Shareholders. They are all effected by wages and job stability. Managers may get bonuses so they want the business to be very successful. Owners/Shareholders want the best for the company so they make more money.
They work for the busines directly and if something happens to the company they will be effected. External stakeholders include Customers, Suppliers, Government. They are involved with the company but not employed directly by the company. Customers are interested in prices and quality of the product. Suppliers are intersted in the success and stability of the company so they can ensure they will have a customer in the future. The Government is interested as company's (especially large ones) pay taxes and emply people.
Still curious? Ask our experts.
Chat with our AI personalities
Ross
Ezra
RafaInternal stakeholders are individuals or groups within an organization, such as employees, managers, and shareholders, who have a direct interest or involvement in the organization. External stakeholders are individuals or groups outside the organization, such as customers, suppliers, government agencies, and the community, who are affected by the organization's actions but are not directly part of it.
Add your answer:
Earn +20 pts
What are the differences between internal and external forces in the environment?
Internal forces are factors within an organization that affect its operations and performance, such as company culture or leadership styles. External forces, on the other hand, are factors outside the organization's control, such as economic conditions or regulatory changes. Both internal and external forces can impact an organization's success and require strategic management to navigate effectively.
Difference between traditional research and Participatory Action Research?
Traditional research is typically conducted by researchers who collect data from participants and analyze it to generate knowledge. Participatory Action Research (PAR) involves collaboration between researchers and participants, who work together to address a particular issue or problem, with the goal of creating actionable solutions and bringing about social change. PAR values the expertise and knowledge of all stakeholders involved.
What is the Difference between hereditary and environmental defects?
Hereditary defects are passed down through genes from one generation to the next, while environmental defects are caused by factors in the external environment such as exposure to toxins, radiation, or infections. Hereditary defects are usually present at birth and can affect multiple family members, while environmental defects may develop later in life due to specific environmental exposures.
Difference between business ethics and social responsibility?
Business ethics refers to the principles and values that guide the behavior and decision-making processes within a business. Social responsibility, on the other hand, refers to a business's obligation to act in ways that benefit society, such as through charitable activities, environmental sustainability, and ethical labor practices. While business ethics focus on internal conduct, social responsibility focuses on external impact and contributions to the larger community.
What sociologist was responsible for suggesting the connection between history and biography?
The sociologist responsible for suggesting the connection between history and biography is C. Wright Mills. This concept is known as the sociological imagination, which encourages individuals to understand their personal experiences within the broader historical and societal context.
