The Business Environment

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Presentation transcript:

The Business Environment

Year 12: The Business Environment Learning Objectives: To know the various stakeholders for a Business The steps to success for a Pass answer are: To be able to state the main stakeholders associated for a business To know the influence of stakeholders on a business To know the conflicts of interest between stakeholders The challenge is: To analyse and evaluate the influence that stakeholders have on an organisation

Stakeholders The stakeholders of a business are those people who have an interest in the success of that business. Who are the stakeholders of McDonalds?

Stakeholders Shareholders Employees Customers Government Owners Suppliers Local people Trade unions

Do all stakeholders want the same thing? Sometimes stakeholders will have conflicting interests e.g. The local community might not want another McDonalds in their area but the owners of McDonalds will want to set one up so they can make more profit

Your turn Describe the stakeholders of Warren Sixth Form The steps to success for a Pass answer are: To explain the interest of the stakeholders To explain the influence of the stakeholders To give examples of conflicts of interest and interdependencies I have created a table for you in the Learning Resources shared are. Go to: Business Studies >> Miss Haron >> Year 12

11/16/2018 Where to find the table Turn your computer screens on now and complete the above activity Remember to save your work regularly