External Stakeholders

Question	Answer
External Stakeholder	Do not form part of the organisation but have direct interest or involvement in the actions of the organisation
Suppliers	Provide a business with resources needed for production
Customers	very important in the retailing sector
Special Interest Groups (SIG)	An organisation that advocates certain issues e.g. animal cruelty
Trade Unions (labour unions)	Wages and salaries to rise in line with inflation (minimum wage)
Pressure Groups	Individuals with a common interest who seek to place demands on organisations to act in a particular way or to influence change in their behaviour
Industry Trade Groups	Organisations that specialise in public relations with the aim of promoting a particular industry
Local Community	Place demands on the businesses that operates in their community
Competitors	Rival businesses of an organisation
Government	Interested in business activities: - unfair business practices - health and safety standards - corporation tax - consumer protection laws

Resource summary

	Created by rebecca_ren over 9 years ago