365030
Description
Flashcards by Emerson Dobbs, updated more than 1 year ago
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Created by Emerson Dobbs
over 10 years ago
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| Question | Answer |
| Internal Stakeholders | - Managers and directors - Owners/shareholders - Employees |
| External Stakeholders | - Customers - Suppliers -Community |
| Common interests between stakeholders | - Shareholders/owners and employees have a common interest in the success of the business. Both want long-term financial security and maximum income. |
| Conflicting interests between stakeholders | - Employees want a high pay whereas customers want lower prices. If both of these things happen the business will be unable to make a profit |
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