To understand what is meant by the term stakeholder

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Presentation transcript:

To understand what is meant by the term stakeholder Lesson Objectives That stakeholders are those groups or individuals with an interest in a business Recognise that business decisions have different effects on different stakeholders Appreciate the problems a business may face in meeting the demands of all stakeholders

Stakeholders Stakeholders Government Owners/shareholders Employees To understand what is meant by the term stakeholder Stakeholders Government Owners/shareholders Employees Stakeholders Lenders Competitors Suppliers Local community

Stakeholders Stakeholders in xxxxxxxx School To understand what is meant by the term stakeholder Stakeholders Stakeholders in xxxxxxxx School

Stakeholders Stakeholders in xxxxxxxx School Governors To understand what is meant by the term stakeholder Stakeholders Governors xxxxxx County Council Students Stakeholders in xxxxxxxx School Teachers Competitors Non-teaching staff Parents Local community

Stakeholders Stakeholders in xxxxxxxx School What is their stake? To understand what is meant by the term stakeholder Stakeholders What is their stake? Governors xxxxxx County Council Students Stakeholders in xxxxxxxx School Teachers Competitors Non-teaching staff Parents Local community

Stakeholders Stakeholders in xxxxxxxx School Any conflicts? Governors To understand what is meant by the term stakeholder Stakeholders Any conflicts? Governors xxxxxx County Council Students Stakeholders in xxxxxxxx School Teachers Competitors Non-teaching staff Parents Local community

To understand what is meant by the term stakeholder

Stakeholders External Internal Customers Owners Suppliers To understand what is meant by the term stakeholder Stakeholders External Internal Owners Shareholders Board of directors Employees Managers Customers Suppliers Local community Government Trade Unions Bank Competitors

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders vs Managers Employees Customers Suppliers Local community

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders vs Managers

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders What should happen to the profits? vs Managers What should happen to the profits?

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders Want the profits to be paid out in dividends vs Managers Want the profits re-invested in the business

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers vs Employees

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers Want loyal, reliable and cheap workers vs Employees Want job security and high pay

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers vs Customers

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers Want customers prepared to pay high prices vs Customers Want quality at low prices

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers vs Suppliers

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers Want suppliers who can deliver quality stock on time and want to be able to pay on credit vs Suppliers Want to be paid promptly to help their cash flow

Stakeholder conflicts To understand what is meant by the term stakeholder Stakeholder conflicts Shareholders & Managers Want to be able to run the business with little interference vs Local community Want a company which respects the wishes of the local community and sponsors local events