BTEC Business Level 3
BTEC Level 3 Natioal Exteoded Busioess Studies | Uoit 1: Expliriog Busioesses
A.P2 – Explaio Hiw Twi Ciotrastog Busioesses are Iofueoned by its Stakehilders
The Iofueone if Stakehilders upio a Busioess
Io this task I will be expliriog, as well as explaioiog, the iofueone Stakehilders have upio
twi niotrastog Orgaoisatios: a PLC (Publin Limited Cimpaoy) as well as a Nio-Fir-Prift
Orgaoisatio. I shiuld try aod desnribe exantly hiw these iofueones afent the twi
difereot types if Orgaoisatios as a while.
Within every business there are Stakeholders. These can be Internal Stakeholders or
External Stakeholders. Stakeholders are involved and have indirect contact for the decision-
making within the business. Stakeholders can come in the form of Individual People, Groups
of People or Companies and Organisatons. These Stakeholders could be in regular contact
with the business or they may only have occasional contact within the business.
Ioteroal Stakehilders
The Stakeholders that are linked directly to
the business are known as Internal
Stakeholders. Examples of diferent Internal
Stakeholders include Organisaton
Employees, Managers, Administraton Staf
and the Owners of the business. The
Internal Stakeholders have the ability to
afect the business actvites and have a
direct infuence upon a business. The role of
the Employees of a business, as Internal
Stakeholders, is to reports to the owners
Figure 5 – McDonald Crew Members (Internal Stakeholders)
as they have the ultmate power over the
business actvites that take place and to decide what important business decision must be
made. All Internal Stakeholders have an efect on the business and their decisions can have
a positve or negatve outcome towards the business.
Exteroal Stakehilders
The Stakeholders that are linked to the business from an outside point of view are known as
External Stakeholders. External Stakeholders can be described as a party, infuencing an
organisaton, however isn’tt directly part of that partcular organisaton. Examples of External
Stakeholders include Suppliers, Debtors, Creditors, Compettors and a few others. External
Stakeholders are diferentated away from the business and they are defned byy
Custimers: Your future business potental is almost solely reliable on Customers. A
business relies on its customers to have the ability to sustainably grow. Customers
are the Stakeholders who end up purchasing the product or service on ofer.
Suppliers: Suppliers of a business are the people who supply the products for sale of
supply the raw materials that will make the product. A great example of this includey
1
BTEC Level 3 Natioal Exteoded Busioess Studies | Uoit 1: Expliriog Busioesses
A.P2 – Explaio Hiw Twi Ciotrastog Busioesses are Iofueoned by its Stakehilders
The Iofueone if Stakehilders upio a Busioess
Io this task I will be expliriog, as well as explaioiog, the iofueone Stakehilders have upio
twi niotrastog Orgaoisatios: a PLC (Publin Limited Cimpaoy) as well as a Nio-Fir-Prift
Orgaoisatio. I shiuld try aod desnribe exantly hiw these iofueones afent the twi
difereot types if Orgaoisatios as a while.
Within every business there are Stakeholders. These can be Internal Stakeholders or
External Stakeholders. Stakeholders are involved and have indirect contact for the decision-
making within the business. Stakeholders can come in the form of Individual People, Groups
of People or Companies and Organisatons. These Stakeholders could be in regular contact
with the business or they may only have occasional contact within the business.
Ioteroal Stakehilders
The Stakeholders that are linked directly to
the business are known as Internal
Stakeholders. Examples of diferent Internal
Stakeholders include Organisaton
Employees, Managers, Administraton Staf
and the Owners of the business. The
Internal Stakeholders have the ability to
afect the business actvites and have a
direct infuence upon a business. The role of
the Employees of a business, as Internal
Stakeholders, is to reports to the owners
Figure 5 – McDonald Crew Members (Internal Stakeholders)
as they have the ultmate power over the
business actvites that take place and to decide what important business decision must be
made. All Internal Stakeholders have an efect on the business and their decisions can have
a positve or negatve outcome towards the business.
Exteroal Stakehilders
The Stakeholders that are linked to the business from an outside point of view are known as
External Stakeholders. External Stakeholders can be described as a party, infuencing an
organisaton, however isn’tt directly part of that partcular organisaton. Examples of External
Stakeholders include Suppliers, Debtors, Creditors, Compettors and a few others. External
Stakeholders are diferentated away from the business and they are defned byy
Custimers: Your future business potental is almost solely reliable on Customers. A
business relies on its customers to have the ability to sustainably grow. Customers
are the Stakeholders who end up purchasing the product or service on ofer.
Suppliers: Suppliers of a business are the people who supply the products for sale of
supply the raw materials that will make the product. A great example of this includey
1
