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Stakeholders - Coggle Diagram
Stakeholders
External Stakeholders
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External stakeholders
are people or organizations not part of the business but have a direct interest in its decisions, actions and performance.
Financiers
Financiers (or financial lenders) are commercial banks, investors, insurance companies, among others that provide finance for a business. Their main insterest is essentially the financial health of the organization they are financing.
Customers
Clients who pay for the goods and/or services of the business. Their interests include cheaper prices and quality products.
Labour Unions
Trade unions are organizations that aimsto protect the interests of its worker members like conditions, wages and worker's benefits.
Competitors
An organization's rival business(es) competing in the same market. Their interests include product ranges and pricing strategies used.
Pressure Groups
Organizations consisting of like-minded individuals who come together for a common cause or concern. They strive to influence government and public opinion in order to create the desired social change.
The government
The government is keen to see that businesses operate in a legal and socially responsible way. They do this through laws and regulations.
Suppliers
Organizations that provide the goods and support services for other organizations. Their interest include securing contracts and payments.
The local community
Refers to the general public and local businesses (not necessarily competitors though) that have a direct interest in the activities of businesses.
Internal Stakeholders
:silhouette:
Internal stakeholders
are individuals or groups who are part of the organization. Essentially, those who have interest and impact within an organization.
Directors (executives)
Group of senior managers who are legally responsible for the overall running of a company on behalf of their shareholders.
Executive Directors:
Work full time.
Non-executive Directors:
Do not work full time. They are consultants.
Managers
Managers are people hired to oversee certain functions of an organization. Their interests include improving efficiency and labour productivity.
Senoir Management:
Higher ranking and oversee the long-term aims of an organisation.
Middle Management:
In charge of running individual departments and set their objectives.
Junior Management:
Lower ranking, in charge of monitoring day-to-day routine tasks.
Employees
Employees can impact an organization and can also be directly affected by it like, for example, financially. Their interests can include things like better pay, better security and better conditions
Shareholders
People or other organizations that buy shares in the company. They receive dividend earnings and have voting rights.