Stakeholders in Business

Stakeholders in business

Consumers

Employees

Managers

Owners

Financiers

Shareholders

 

Consumers

Role

They buy the goods and services provided by business

Provide revenue to the business

Objectives

Get good quality products at good prices

Appropriate customer care

 

Employees

Role

Produce or provide goods and services for remuneration

Objectives

Get salary on time

Job security and self actualisation

 

Managers

Role

Take every day business decisions

Set goals and directions for employees

Objectives

Higher pay and other incentives

Job security

 

Owners

Role

Provide capital and take the risk

Enjoy profits if the business is successful

Bear the loss if the business is not successful

Objectives

Business growth and profit maximisation

 

Financiers

Role

Provide short term and long term loans

Objectives

Get bank interest on time

Security of the business