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business - Coggle Diagram
business
keywords
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Pressure group – an organisation that will campaign for something specific, e.g. workers rights, environmental protection
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Stakeholder groups
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Customers, suppliers, local
community, pressure groups,
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Stakeholders
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Do you care about the whole business, or just parts of it?
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Stakeholders are a person, group or organisation that have an interest in, or concern about a business
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1.4.4 business
theme
Stakeholder groups may want different things and so there may be conflict between their needs. A business will need to manage this to try to satisfy as many stakeholder groups as possible.
Each stakeholder group can influence a business, e.g. customers can write reviews of the business
Stakeholders are affected by business activity, e.g. local community is affected by the noise, pollution and traffic congestion, but may gain job opportunities or community sponsorship.
Each group is interested for different reasons, e.g. employees want to be paid a reasonable income and have job security.
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Impact of store closures
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In 2013, Blockbuster video
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