Stakeholders

Emerson Dobbs
Flashcards by Emerson Dobbs, updated more than 1 year ago
Emerson Dobbs
Created by Emerson Dobbs almost 7 years ago
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NCEA 3 Economics Flashcards on Stakeholders, created by Emerson Dobbs on 11/16/2013.
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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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