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Stakeholders (competitors (how well business is doing, new goods/services,…
Stakeholders
competitors
how well business is doing
new goods/services
price charge
for new goods/services
how it advertises
customers
buys business goods/services
intrested in
opening hours + availibility of staff
helpfullness of staff
price and quality
overall efficiency
range of goods/services offered
most important group
suppliers
provide goods/services to business
can influence business
quality
speed
price
of what they supply
sole supplier - power over businesss; many suppliers - business has power
owners/shareholders
invested money into business
if business successful, they make mney
owner's stake depends on type of ownership e.g sole trader riskier
managers
same expectations
cut production cost
make money with their shares
increase sales
employees
expect
good working conditions
job security
fair pay/treatment
appropriate facilities
influence how effective business run by how effective they do their jobs
can go on
strikes
trade union
local community
expect
provide job oppertunities and services
avoid disrupting/polluting environment
distrust to brand - reduce demands
government
healthier economy
more tax
pressure groups
big influence: negative publicity
about business actvities
demands decrease cutomers are more environmentally concious
lose shares/ share price decrease
organized group -
business/gov to act in line with their views
financiers