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Stakeholders
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9th - 11th grade
Business
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  • Slide 1
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    Stakeholders

    NCFE Level 1/2 Award in Business and Enterprise

  • Question 2
    30 seconds
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    Q.

    What are stakeholders?

    answer choices

    People who are interested in or affected by the business

    Businesses who spy on other businesses

    People who eat steak

    Only the employees of the business

  • Slide 3
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    Stakeholders

    Stakeholders are people or groups who have an interest - or “stake” - in the activities of a business


    These can be split into two types


    INTERNAL STAKEHOLDERS - These are people who work for the business. This means that they are INSIDE the business and involved daily


    EXTERNAL STAKEHOLDERS - These are people who do not work for the business, and are NOT involved in the day-to-day running of the business. As such they are OUTSIDE the business.

  • Slide 4
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  • Question 5
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    Q. The Government is interested in a business because:
    answer choices
    They will want to buy the products
    They want the business to comply with the law and pay taxes
    They want good quality products
    They want to be paid the money they are owed
  • Question 6
    30 seconds
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    Q. Customers are interested in a business because:
    answer choices
    They want to be oaid they money they are due
    They want the employees to be paid a good salary
    They want the business to make the products they want at good prices
    They want to be paid a bonus
  • Question 7
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    Q. What influence does a manager have on the business?
    answer choices
    They may alter their workrate and take industrial action
    They may withdraw their investment
    They may make decisions which affect the business
  • Question 8
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    Q. What influence may Suppliers have on the business?
    answer choices
    They may change taxes
    They may protest about the business
    They may increase their prices
    They may choose not to buy the product or recommend it
  • Question 9
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    Q. A Bank is an external stakeholder?
    answer choices
    True
    False
  • Question 10
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    Q. A customer is an internal stakeholder?
    answer choices
    True
    False
  • Question 11
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    Q. An employee is an internal stakeholder?
    answer choices
    True
    False
  • Question 12
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    Q. A manager is an external stakeholder
    answer choices
    True
    False
  • Slide 13
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    Stakeholder Conflict

    Unfortunately the different requirements of stakeholders can cause problems!


    This results in arguments between different parties, about what the business should do

  • Slide 14
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  • Question 15
    Ungraded
    120 seconds
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    Q.

    Examination Question One


    Identify ONE external stakeholder in a business (1)

  • Question 16
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    180 seconds
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    Q.

    Examination Question Two


    Analyze ONE benefit to a business of successfully engaging their stakeholders (2)

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