STAKEHOLDERS STAKEHOLDERS Objective: to understand the different roles that various stakeholders have in a business Success Criteria: I can define the terms internal stakeholder and external stakeholder I can identify the stakeholders for a business I can compare the needs of internal and external stakeholders What are stakeholders? Discuss 60 End 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 secs Stakeholders Stakeholders are any person or groups of people who have an interest in a business Creditors Directors Employees The Business Suppliers Communities Customers Government Shareholders PRIMARY VS SECONDARY Primary stakeholders Directly deal with the business Secondary stakeholders No financial or functional relationship to the business • • • • • Customers Employees Suppliers Creditors Shareholders • • • • • General Public Local community Government The media Activist groups INTERNAL VS EXTERNAL Internal stakeholders People who are considered inside the organisation External stakeholders People who are outside the business • • • • Employees Managers Shareholders Board of directors • • • • Customers Government Suppliers Creditors WHO WANTS WHAT? Owner Employee Customers Which stakeholder is most important?? Discuss End 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 123456789 Stakeholder Workers Managers Owners Customers Suppliers Government Local Community Reason for Interest in the Business: Their Objective for the Business: