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You are here: A-Level Business Business and its Environment Revision Notes Business Stakeholders

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Business Stakeholders

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Stakeholders and their objectives

Many people are involved in running a business. Some have direct interest while others have indirect interest in the running of the business. These individuals or groups are known as stakeholders.

Stakeholders  Who are they and their Objectives
 Owners They invest capital in the business and get profits from the business
 Profits, growth of the business
 Workers
 Employees of the business who give in their time and effort to make a business successful
 Job security, job satisfaction and a satisfactory level of payment for their efforts
 Managers
 Employees of the business who manage a business. They lead and control the workers to achieve organisational goals
 High salaries, Job security, Status and growth of the business
 Consumers These are the people who buy the goods and services of the business.
 Safe and reliable products, value for money, proper after sales service
 GovernmentGovernment manages the economy. The government charges a tax from the business and also monitors the working of businesses in the country
Successful businesses, employments to be created, more taxes, follow laws.
 The community
Community is all the people who are directly or indirectly affected by the actions of the business.
They expect more jobs, environmental protection, socially responsible products and actions of the business.

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