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Unit 1 Stakeholders Notes

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Unit 1 Business Stakeholders Notes









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March 12, 2023
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Written in
2022/2023
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Lecture notes
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Stakeholders and their influence



- There are two types of stakeholders, External and Internal.


Internal -> Internal stakeholders are those within the business, for example, managers,
employees, and owners. Every sector will have international stakeholders apart from sole
traders.


External -> Without external stakeholders a business wouldn’t be successful. For example,
suppliers, customers, lenders, competitors, debtors, and creditors. Another example of external
stakeholders includes government agencies and departments.
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