what is a stakeholder?

a stakeholder is a person, group or organisation that has a vested interest in the organisation because they are affected by the businesses actions and objectives. There are seven different types of stakeholders, three being internal: managers, employees and owners/shareholders, and four external: customers, government, suppliers and the community. These can often have conflicting desires, this is called stakeholder conflict.
For example, shareholders want high returns, whereas customers want a high quality product for as cheap as possible, these two desires are often conflicting.

LR
Answered by Lily R. Business Studies tutor

1348 Views

See similar Business Studies A Level tutors

Related Business Studies A Level answers

All answers ▸

What is the difference between limited and unlimited liability?


Analyse how delayering might affect the level of profit a business generates.


Case Study: PLG Ltd’s financial position is relatively weak. To what extent should this be the most important influence on its promotional mix given its objective of growth


What are Porter's 5 forces and how they help the business?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences