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Flashcards in UB T7 Stakeholders Deck (3)
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1

Who is a stakeholder?

Anyone with an interest or influence in the success of a business

Owners
Managers
Employees
Customers
Suppliers

2

Conflict of interest

When two stakeholders want different things.

Employees want a pay rise
Owners want high profits

Customers want low prices
Owners want high profits

3

Interdependence

Stakeholders rely on each other, which helps the business succeed.

Owners need customers to buy their product
Customers need owners to give good products and customer service.