Stakeholder conflict (Edexcel GCSE Business): Flashcards
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Stakeholder conflict definition
Stakeholder conflict definition
When groups have competing interests & priorities
Shareholders' main interests
Shareholders' main interests
Profits, dividends, and growth in value
Workers' main interests
Workers' main interests
Fair wages, job security, good working conditions
Customers' main interests
Customers' main interests
Fair prices, wide choice, high-quality products
Managers & directors' main interests
Managers & directors' main interests
Business growth and gaining more power
Government's interests in businesses
Government's interests in businesses
Competitive operations & tax revenues
Local community interests from business
Local community interests from business
Jobs & clean, safe environment
Pressure groups' interests
Pressure groups' interests
Socially responsible & ethical business behaviour
Shareholders vs managers conflict
Shareholders vs managers conflict
Dividends vs reinvesting profits for growth
Workers vs customers conflict
Workers vs customers conflict
Higher wages vs lower prices
Positive effect for shareholders
Positive effect for shareholders
Returns on investments via dividends & share price growth
Negative effect for local communities
Negative effect for local communities
Pollution & environmental damage
Negative effect for employees
Negative effect for employees
Job losses & income uncertainty