This article analyzes the likely positive and negative effects of business decisions on three different stakeholder groups - employees, customers and local community.
Posts tagged as “employees”
Each stakeholder group will want to know different information about a business, therefore will analyze Final Accounts differently.
Profit and Loss Account (P&L Account) contains financial data which business stakeholder groups find extremely useful.
While all stakeholders are important, some stakeholders provide finance for the business, therefore have special relationship with the business.
Inevitable changes in the internal and external business environments bring both threats and opportunities to businesses.
As different stakeholder groups have varying interests in a business, it is likely that conflict will arise.
Business objectives have the potential to conflict. Let's take a look at different reasons of conflicting business objectives.