Stakeholders

598 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
598
On SlideShare
0
From Embeds
0
Number of Embeds
11
Actions
Shares
0
Downloads
7
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Stakeholders

  1. 1. Stakeholders
  2. 2. Stakeholders• Any group or individual who has an interest in or is affected by the activities of a business.
  3. 3. Stakeholders Shareholders Suppliers/ Employees creditors BusinessGovernment Customers Society Environment general public
  4. 4. Shareholders• Owners/investors provide capital for growth• Expect – management to make financially sound decisions – increasing profit – adequate return on investmentsEmployees• The human side of a business, performance and profitability linked• Expect – safe and healthy workplace – fair treatment in promotion – fair pay level
  5. 5. Government• Governments at all levels have an impact on all business. – Local, State and Federal• Expect – businesses to pay taxes – adherence to lawsSociety and general public• People are part of communities and business impacts on these communities in many ways• Expect – disclosure of public information – ethical and socially responsible practices
  6. 6. Customers• Expect – acceptable price for goods and services – safe, reliable products – guarantees supported – no misleading advertisingSuppliers / creditors• Provide the inputs for the business• Expect – prompt paymentEnvironment• Care and protection of immediate environment, sustainability and care of limited resources
  7. 7. Stakeholder ActivityA large petroleum company has discovered a new product that will minimise theuse of oil in motor vehicles. As a result, it is envisaged that the product willdecrease industry profits for five consecutive years with half the industry-relatedworkforce eventually being made redundant. For each group of stakeholdersnote the impact of this development.ShareholdersEmployeesCustomersSuppliers/CreditorsGovernmentEnvironmentSociety and General Public

×