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Business Organizations and stakeholders - Coggle Diagram
Business Organizations and stakeholders
Internal Stakeholders
Employees
Managers
People inside the business
Shareholders
External Stakeholders
People outside the business
Government
Customers
Local Community
Entrepreuner/sole trader
Business owned by one person
Unlimited liability
Difficult to make capital
More control over the business
No-one to share responsibilty with
No-one to make decisions with
no conflict/arguments
quicker decision making time
Partnership
2-20 people
Deed of Partnership
name
amount of capital each person is putting in
profit split
day to day job of each partner
sleeping partner - limited liabilty
unlimited liability
PLC (Public limited company)
Anyone can buy shares
have to pay dividends to everyone
Risks of a takeover
hostile
costly
Easy to raise capital
LTD (Private limited company)
Only friends/family can buy shares
Costly