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Stakeholders

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Stakeholders

  1. 1. INTRODUCTION TO STAKEHOLDERS<br />GCSE Applied Business Studies<br />
  2. 2. STARTER: Watch the following link and answer the questions, be ready to discuss with the class at the end.<br /> httpnews.bbc.co.uk/1/hi/england/7816217.stm <br />Questions:<br /> In which economic sector does the quarrying firm operate – primary, secondary or tertiary? <br /> Explain your answer Why are quarrying rights so important for Stone Firms? <br /> Outline the main arguments that are made by opponents to an extension of quarrying in the area <br /> How might Stone Firms use public relations to gain the support of local opponents? <br />
  3. 3. What is a Stakeholder?<br />Any individual or organisation that is affected by activities of a business<br />
  4. 4. Who are the stakeholders at Stuart Bathurst?<br />
  5. 5. What businesses are you a stakeholder in?<br />
  6. 6. Main Stakeholders in a Business<br />Shareholders of the company<br />Other owners – e.g. sole trader / partners in a partnership<br />Management and employees (who may also be shareholders)<br />Customers and Suppliers<br />Banks and other organisations lending company money<br />Government (particularly Inland Revenue)<br />Trade Unions<br />Pressure Groups<br />
  7. 7. For each of the stakeholders identify one reason why they are a stakeholder in Dominos Pizza UK<br />Shareholders of the company<br />Other owners – e.g. sole trader / partners in a partnership<br />Management and employees (who may also be shareholders)<br />Customers and Suppliers<br />Banks and other organisations lending company money<br />Government (particularly Inland Revenue)<br />Trade Unions<br />Pressure Groups<br />
  8. 8. Difference between a Stakeholder and a Shareholder<br />Shareholders <br />Hold shares in company – i.e. they own part of it<br />Investors in the company<br />Share in the profits and losses of the company<br />Control the decisions of the company<br />Stakeholders<br />Have an “interest” in the activities of a business<br />Do not own or control a business<br />
  9. 9. In your own words explain the difference between stakeholders and shareholders.Extension: Consider which is most important to a business and explain your reasons.Explain any difficulties you have found when coming to your conclusions<br />
  10. 10. Using what you have learned from all of your units consider the following statement and explain the impact on Dominoes Pizza UK<br /> Dominoes Pizza UK has many stakeholders, the Management team have decided that they will not be prioritising their customers but focusing on their own needs instead.<br /> What will be the effect of this on Dominoes Pizza?<br /> Justify who you consider are the mot important stakeholders at dominoes Pizza<br />
  11. 11. Worksheet activities<br />You have been emailed a worksheet about stakeholders.<br />Please complete this and email it to Mrs Gibson<br />donna.gibson@stuart-bathurst.org.uk<br />
  12. 12. Case study<br /> You are to create a booklet in a suitable format that will inform the employees of a business about the stakeholders in that business. <br />
  13. 13. Guidance on what to include in your booklet – you can of course include your own choices of information<br />Explanation and introduction to your chosen business.<br />Aims and objectives of the business.<br />What are stakeholders in a business<br />Stakeholders of the chosen business<br />Interests of stakeholders in the business<br />Level of importance with justification<br />Objectives of each stakeholder<br />How can the objectives be managed to ensure the success of the business <br />Choose your own business or the following link may help you:<br />http://www.bized.co.uk/compfact/domino/domindex.htm<br />
  14. 14. Plenary<br />Consider one thing you have learned about stakeholders and be ready to share this with the class. <br />How has what you have learned to day helped you to understand about running a successful business?<br />

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