Your SlideShare is downloading. ×
  • Like
Business Stakeholders
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Now you can save presentations on your phone or tablet

Available for both IPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Business Stakeholders

  • 4,428 views
Published

 

Published in Education , Technology , Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
4,428
On SlideShare
0
From Embeds
0
Number of Embeds
3

Actions

Shares
Downloads
44
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. GCSE BUSINESS STUDIES Stakeholders and Environmental Issues
  • 2. Learning Objectives
    • All students will be able to define the term stakeholder
    • Most students will be able to explain at least four different stakeholders in a typical business
    • Some students will be able to describe different stakeholders interests, influence and expectations in a business.
  • 3. Business Stakeholders
    • Stakeholder groups:
    Management Employees Government Suppliers Environment Local Community Customers Shareholders The Business
  • 4. Business Stakeholders
    • Responsibilities to stakeholder groups:
    • Shareholders – Generate profits and pay dividends
    • Customers – provide good quality products at reasonable prices. Safety, honesty, decency and truthfulness
    • Employees – health and safety at work, security, fair pay
    • Suppliers – pay on time, pay fair rates for the work done, provide element of security
  • 5. Business Stakeholders
    • Local Community – provide employment, safe working environment, minimise pollution and negative externalities – provide external benefits?
    • Government – abide by the law, pay taxes, abide by regulations
    • Management – their aims versus those of the organisation as a whole
    • Environment – limit pollution, congestion, environmental degradation, development etc
  • 6. Business Stakeholders
    • Tensions:
    • Profits versus higher wages
    • Expansion versus development
    • Production versus pollution
    • Supplier benefits versus consumer prices/lower costs
    • Survival of the business versus needs of stakeholders
  • 7. How Business can effect the Environment
    • Urban blight – excessive development, inappropriate development, use of greenbelt land
    • Waste – land-fill? re-cycling? burning?
    • Energy use – renewable energy, non-renewable resources
    • Global Warming – fact or fiction?
    • Pollution:
      • Noise
      • Air
      • Land
      • Sea
      • Water
  • 8. Externalities
    • Impact on a third party of a business decision
      • Those affected not involved in the decision
      • Negative externalities – negative effects of business activity – pollution, urban development, etc
      • e.g. Out of town shopping centres – impact on city centres
  • 9. Externalities
    • Positive Externalities:
      • Benefits to third parties of business activity
      • E.g. new infrastructure as a result of development, side effects of research and development, technology (the Internet?), convenience, improved standards of living
      • Out of Town shopping centres – greater ease of access, everything in one place, pleasant environment to shop in etc
  • 10. Externalities
    • Out of Town shopping centres:
      • Highlights complexity of the interaction of positive and negative externalities
    • Government policies – encourage business activity that leads to positive externalities and discourage those that lead to negative externalities.