Internal & External Stakeholders
- Stakeholders are individuals or groups that affect or are affected by the actions of a business
- A business needs to take into account the needs and interests of its stakeholders in order to operate successfully and ensure long term success
- A business needs to take into account the needs and interests of its stakeholders in order to operate successfully and ensure long term success
- Internal stakeholders are individuals or groups inside the business
- Employees
- Managers and Directors
- Business owners
- External stakeholders are individuals or groups outside of a business
- Customers
- Shareholders
- Creditors
- Suppliers
- The local community
- Local and national government
- Pressure groups