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Stakeholders - Coggle Diagram
Stakeholders
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-A business decision that can reduce staff costs would be a benefit for the owners but not for the staff.
-Customers also suffer from poor service, which is a consequence of cost reduction
Stakeholder include
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- Owners interested in the profit the business.
- Managers concerned about their salary.
- Workers want to earn high wages and keep their jobs.
- Customers want quality products at reasonable prices.
- Suppliers want the business to buy their products.
- Lenders want to be paid on time and in total.
- The community which has a part in the business employers of local people.
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