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GCSE BUSINESS STUDIES Stakeholders and Environmental Issues
Learning Objectives <ul><li>All students will be able to define the term stakeholder </li></ul><ul><li>Most students will ...
Business Stakeholders <ul><li>Stakeholder groups: </li></ul>Management Employees Government Suppliers Environment Local  C...
Business Stakeholders <ul><li>Responsibilities to stakeholder groups: </li></ul><ul><li>Shareholders  – Generate profits a...
Business Stakeholders <ul><li>Local Community  – provide employment, safe working environment, minimise pollution and nega...
Business Stakeholders <ul><li>Tensions: </li></ul><ul><li>Profits versus higher wages </li></ul><ul><li>Expansion versus d...
How Business can effect the Environment <ul><li>Urban blight  –  excessive development, inappropriate development, use of ...
Externalities <ul><li>Impact on a third party of a business decision </li></ul><ul><ul><li>Those affected not involved in ...
Externalities <ul><li>Positive Externalities: </li></ul><ul><ul><li>Benefits to third parties of business activity </li></...
Externalities <ul><li>Out of Town shopping centres: </li></ul><ul><ul><li>Highlights complexity of the interaction of posi...
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Business Stakeholders

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Business Stakeholders

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

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