Employees work in a company and carry out tasks based on the manager's direction. They perform daily tasks according to their job description. In return, they get wages or salaries.In addition to higher salaries, employees are interested in their
Types of Stakeholders
Pressure Groups: Influencing Business and Government (Types, Interests)
Pressure groups, also known as lobbying groups or interest groups, are organizations that advocate for a specific cause. They aim to influence the behavior, policies, and decisions of governments or businesses to achieve their goals. These groups
Understanding Competitors: A Stakeholder Analysis for Business Success
Competitors are rivals who try to meet the same customer needs and wants. As external stakeholders, they benefit from other companies' failures. They like it when other companies compete fairly or fail.Competitors are interested in diverting
The Government’s Impact: Laws, Policies and Business Success (Interests, Influences)
Governments, encompassing agencies, organizations, and their personnel, act as the central decision-makers for a country. They regulate and manage national and regional affairs. This broad definition also includes independent bodies like central
Customers: The Lifeblood of Every Business (Their Interests, Influences, Bargaining Power)
Customers refer to those who buy the product. They may be individuals, like when you purchase goods from a retailer, or organizations in a business-to-business marketplace.Apart from employees and suppliers, customers are key stakeholders. They
Suppliers Explained: The Power Behind Business Success (Interests, Influences)
In the world of business, success hinges on a network of crucial partners – suppliers. These are the companies or individuals who provide the essential ingredients for your operation. This can include:This article focuses on suppliers in a