Stakeholders (VCE SSCE Business Management): Flashcards

Party that can affect or be affected by business operations

Macro, operating, and internal environments

Activities within business over which it has control

External environment with close interaction conducting business

Broad conditions business operates in with no control

Benefits beyond normal wage/salary (e.g., company car)

Systems & processes directing and controlling businesses

Environmental, philanthropic, ethical, economic

Share value increase vs regular income from profits

Profit distribution - dividends vs reinvestment