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Understanding Stakeholders in Business: Identifying and Analyzing Interests

In this lesson, we will explore the concept of stakeholders in business, identify various stakeholder groups, and analyze how their interests may vary. By examining case studies and scenarios, we will understand the impact of business actions on stakeholders. Get ready to delve into the world of business stakeholders and their interests!

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Understanding Stakeholders in Business: Identifying and Analyzing Interests

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  1. StakeholdersUnit 1Lesson 4

  2. What we will do today... • Understand the term stakeholders • Identify different groups of stakeholders within individual businesses • Understand how stakeholders interests might be different

  3. 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

  4. BP Stakeholders

  5. Shareholders Employees Customers Stakeholders Etc. Suppliers Local people

  6. 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

  7. 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...

  8. 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

  9. How to lay out work... • Unit 1 (introduction to business) • New word doc called P2 • Table....

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