Stakeholder groups

Stakeholder groups:

• Internal
  • Owners: interested in the performance of the business.
  • Managers: are responsible for the performance of the business, if the business does well, the managers may receive bonuses or salary increase.
  • Employees: is the business is profitable it can mean better job security and a chance of pay rise.
• External
  • Lenders: the lenders, normally banks, are interested if they will get paid on the interest of any of the loans given to the business, the lenders want to make sure that the business is able to pay back.
  • Suppliers: the supplier care about getting paid for any goods they have delivered.
  • Customers: the customers have an interest in the business because it cares about if the company will exist in the future, also the customers care about warranty, if the business fails they may not be able to make warranty claims.
  • Government: the government is interested in the business because it wants its taxes to be paid on time
  • Local community: the local community cares about the new availability of jobs, about the possible noise and air pollution produced by the business.