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People in Business - Coggle Diagram
People in Business
Stakeholders: A stakeholder is a person who affected by the actions, objectives and the policies of the business
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Manager
A Manager can decide to hire someone to run the business for them. A maager arranges the business's resources
Investor
An investor gives the entrpreneur money, called capital, so they can invest in the business to help it succeed.
Entrepreneur
An Entrepreneur is someone who spots a gap in the market, takes a risk, and sets up a business. They can either make a profit or a loss, depending on how successful their enterprise is.
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Interest Groups
Interest groups are a group of people who meet and campaign for a common goal. They use a variety of techniques to campaign to influence decision makers. (IFA,TUI)*
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Types of Relationships
Competitive Relationship: This exist when one stakeholder benefits at the other party's expense. It is a win lose relationship. Example: Investor and Entrepreneur
Co-Operative Relationships: This exists when stakeholders work together towards a common goal. It is a win-win relationship. Example: Purchasing Manager and Supplier
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