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Level 3 BTEC Business Unit 1 P2 Stakeholders

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This is the P2 task for the Level 3 BTEC Business Studies Unit 1 assignment. I achieved a strong distinction on this unit, therefore the work should be at a high standard! Thank you.

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PLEASE DO NOT COPY THE ENTIRE DOCUMENT FOR GUIDELINE PURPOSES OTHERWISE IT
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The stakeholders within Apple Inc. and Boots
What is a stakeholder?
A stakeholder is a person with an interest or concern in something, this especially applies to
a business, and this could range from the managers to the suppliers. (1)
What is an internal stakeholder?
Internal stakeholders are groups within a business or people who work directly within the
business, such as employees, owners, and investors. (2)
What is an external stakeholder?
External stakeholders are individuals from outside that are affected by the consequences
and outcomes of a business’s decisions. External stakeholders include customers, suppliers,
governments, and communities. (3)
Introduction to the important stakeholders
Every business, whether they are big or small, has a minimum of nine stakeholders. These
stakeholders can all affect the business in many ways, and can have a huge effect on the
way a business is run.
Rank of stakeholders importance;
1. Management,
2. Customers,
3. Employees,
4. Suppliers,
5. Shareholders,
6. The Bank,
7. The Competitors,
8. The Government,
9. The Community.


The stakeholders and their concerns within a business



Stakeholders Their concerns for a business
Management The management team are concerned for the business in
many ways, the biggest one being the amount of profit
being made, and if they are meeting their aims and
objectives.


1

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