Business Stakeholders (Leaving Cert Business): Flashcards

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Business Stakeholders
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Define: Stakeholder

Individual/group with interest in or affected by a business

Entrepreneurs' key actions

Take initiative, organise resources, take financial risks

What investors provide to business

Capital (e.g. loans, shares) for financial return

Customers' expectations from business

Value for money, quality, good customer service

Local community expectations

Jobs, environmental protection, ethical behaviour

Define: Interest group

Organised group promoting common goal by influencing decision-makers

IFA represents

Irish farmers

IBEC represents

Irish businesses and employers across sectors

ICTU's objective

Improve workers' rights, pay, and working conditions

Example: IBEC & ICTU cooperation

National wage agreements and social partnership deals

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