1.4 Stakeholders

Sandra Vazquez
Mind Map by Sandra Vazquez, updated more than 1 year ago
Sandra Vazquez
Created by Sandra Vazquez over 4 years ago
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Business and Management IB program 1.4 Stakeholders

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1.4 Stakeholders
1 Stakeholder
1.1 Individual or group who is afected by the business and has interest in its activities
1.1.1 All interdependent
1.1.1.1 May have conflicts for desagreements
2 External
2.1 Suppliers, Customers, Government, Community
2.1.1 Suppliers
2.1.1.1 Supply B. with what they need to provide goods and services
2.1.2 Customers
2.1.2.1 Vital for B. survival
2.1.2.1.1 Have need and wats (market research)
2.1.2.1.1.1 Have rights and are protected by the law
2.1.3 Government
2.1.3.1 Law and regulations
2.1.3.1.1 Economic policies
2.1.3.1.1.1 Favor employement and generate wealth
2.1.4 Community
2.1.4.1 Employees and Cutomers from local area
2.1.4.1.1 May be afected negatively by B.
3 Internal
3.1 Owners, Managers, Employees
3.1.1 Employees
3.1.1.1 Make assigned activity
3.1.1.1.1 Have skills and knowledge
3.1.1.1.1.1 Receive wage or salary
3.1.1.1.1.1.1 Participation in decision making
3.1.1.1.1.1.1.1 New skills
3.1.2 Owners
3.1.2.1 - Right on profit
3.1.2.1.1 - Involved in management (M or Mn)
3.1.2.1.1.1 - Promote innovation
3.1.2.1.1.1.1 - Organize production factors
3.1.2.1.1.1.1.1 - Take risks
3.1.2.2 Shareholders
3.1.2.2.1 Have shares
3.1.2.2.1.1 Mayor Shareholders
3.1.3 Mangers
3.1.3.1 Organize
3.1.3.1.1 Make decisions, delegate others
3.1.3.1.1.1 Plan
3.1.3.1.1.1.1 Control
3.1.3.1.1.1.1.1 Are countable
3.1.3.1.1.1.1.1.1 Are entrepreneurs
4 Advantages
4.1 Attract better applicants
4.1.1 Higher salaries
4.1.1.1 Good relationships
4.1.1.1.1 No pressure group
5 Costs
5.1 Tend to be more expensive
6 Ethical Perspective
6.1 They take more inconsideration stakeholders, for maximization of investment
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