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Stakeholders Unit 1 Lesson 4. What we will do today. Understand the term stakeholders Identify different groups of stakeholders within individual businesses Understand how stakeholders interests might be different. Definition.
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What we will do today... • Understand the term stakeholders • Identify different groups of stakeholders within individual businesses • Understand how stakeholders interests might be different
Definition • A stakeholder is any person, organisation or group that have a interest in a particular business and its activities... • You have 5 minutes to come up with as many stakeholders you can think of for BP
BP Stakeholders
Shareholders Employees Customers Stakeholders Etc. Suppliers Local people
Stakeholders • Now do the same exercise for both of the companies you have chosen to study for this unit... • Report back to the class in 7 minutes
How might stakeholders be affected? • Now we have identified some stakeholder groups we need to determine how they might be affected by the actions of the business...
Task • Now complete this table for your businesses using the following situations: • Company uses child labour to produce latest product • Company reports a massive loss of sales • Company strikes gold under their headquarters
How to lay out work... • Unit 1 (introduction to business) • New word doc called P2 • Table....