Stakeholder Influence On Business

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A stakeholder is a person, group or other organisation who has interest in an organisation, and they are directly or indirectly affected by the activity of the business. The stakeholder can influence or get affected by the activity of the organisation, objectives and policies. The stakeholders can be divided in two groups depending on the origin of the stakeholders, if the stakeholder is from inside of the business then it’s will be an internal stakeholder, for example employee, and if it’s from the outside then it’s will be external, for example customers.
Not all the stakeholders have the same consideration, for example the manager will have more consideration than the customer. And the stakeholders can influence de business positively …show more content…

The employees also can influence positively, working hard, or negatively, with strikes. And their influence is the lowest inside the business. They will be interested in see that the company is making profit or selling well, so they can keep their jobs.
• Owners: They have the highest influence in the business, they can take decision that everyone have to follow and will not happen anything without their approval. Their main interest in the business is to make the highest profit possible, reducing cost, keeping their budget low or keeping lowest number of employees. So the owners have to find ways to make profit but also keep their managers, executives or employees happy, basically ways to manage the conflicts of interest. They can influence positively, for example, launching new range of products or services, that will help to the raise sales, or negatively, making wrong decisions, that will have bad impact in the business, because as said before they have the highest influence, so any decisions will have big impact in the business, for good or

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