Stakeholder Objectives Year 9 GCSE Business Studies

Starter Activity Three Piece Suite

Dr. Do Little

Don’t Talk Back

Jack in the Box

Long Time No See

Learning Objectives £ To know at least 5 different Stakeholders of a business and what a conflict of interest might be (E-D) ££ To analyse why conflicts of interest occur between stakeholders (C-B) ££ To apply knowledge in answering some written questions (C-B)

Conflicts of Interest What is meant by a ‘Conflict of Interest’? An employee will want….from a business. A manager will want…from a business. Different Stakeholders will want different things from a business. They may not always agree. A ‘Conflict of Interest’ will occur.

Shenfield High School What Conflicts of Interest might occur between the following Stakeholders? Students Teachers Suppliers of paper and pens Parents Local Community CHOOSE TWO STAKEHOLDERS AND EXPLAIN THE POSSIBLE CONFLICT.

Example to get you started… Teachers v Students What do Teachers want that Students might not?

Activity In pairs, you must suggest possible conflicts of interest for each different Stakeholder group of McDonalds.

Situation 1 A business is making a loss. How might this affect the owners of a business?

Situation 2 A business is expanding in size due to increased sales. How might this affect the managers of a business?

Situation 3 ‘Workers are stakeholders in the business in which they work.’ Explain why this is the case.

Situation 4 A chemical’s company is about to close a chemical’s plant in Scotland employing 500 workers. Which stakeholders might be affected by this and how?

Plenary Questions and Answers

Homework