12 organisation_stakeholders_ethics

12 organisation_stakeholders_ethics - tutor2u GCSE Business...

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tutor2u GCSE Business Studies Stakeholders and ethics Introduction A stakeholder is any individual or organisation that is affected by the activities of a business. They may have a direct or indirect interest in the business, and may be in contact with the business on a daily basis, or may just occasionally. The main stakeholders are: f Shareholders (not for a sole trader or partnership though) – they will be interested in their dividends and capital growth of their shares. f Management and employees – they may also be shareholders – they will be interested in their job security, prospects and pay. f Customers and suppliers. f Banks and other financial organisations lending money to the business. f Government – especially the Inland Revenue and the Customs and Excise who will be collecting tax from them. f Trade Unions – who will represent the interests of the workers. f Pressure Groups – who are interested in whether the business is acting appropriately towards their area of interest.
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