Friday, August 8, 2014

What do certain stakeholders have the most influence of in business?

What do certain stakeholders have the most influence of in business?
Owners have a big say in how the aims of thebusiness are decided, but other groups also have an influence overdecision making. For example, the directors who manage theday-to-day affairs of a company may decide to make higher sales atop priority rather than profits.Customers are also key stakeholders.Businesses that ignore the concerns of customers find themselveslosing sales to rivals.In a small business, the most important orprimary stakeholders are the owners, staff and customers. In alarge company, shareholders are the primary stakeholders as theycan vote out directors if they believe they are running thebusiness badly.Less influential stakeholders are calledsecondary stakeholders.

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