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Stakeholder - Coggle Diagram
Stakeholder
Conflicting Stakeholder Objectives
Owners vs. Workers
Owners may prioritize profits, which can lead to cost-cutting measures like reducing staff wages or outsourcing jobs, which harms employees.
Customers vs. Owners
A decision to raise prices or reduce service quality can benefit owners but hurt customers and lead to a loss in sales.
Internal Stakeholders
Owners
Managers
Workers
External Stakeholders
Customers
Suppliers
Lenders
The Community
Influence on Business Objectives
The influence of stakeholders can vary:
Owners
Managers
Customers
Shareholders
are individuals, groups, or organizations that have an interest in a business and are affected by its operations.