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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Briefcase

Unit 2 - Human Resource Management - QB

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Money Bag

Unit 3 - Finance & accounts - QB

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Direct Hit

Unit 4 - Marketing - QB

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Factory

Unit 5 - Operations management - QB

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Bar-Chart

Unit 6 - Assessment

Stakeholders are like the audience members of a movie, some are part of the cast and crew while others just watch the show!

Definition: Individuals or groups with a direct &#39;stake&#39; or interest in the business. Think of them as the many fans of a pop star, they all care about how the star performs!

<ul>
	<li>Who? People working within the business.
	<ul>
		<li>E.g., 👩&zwj;💼Employees: like Bob, who works 9-5 in the IT department.</li>
		<li>👨&zwj;🔬Managers: like Alice, who always has too many meetings.</li>
	</ul>
	</li>
	<li>Real-World Example: At Apple, the software engineers who designed your iPhone&#39;s cool features are internal stakeholders!</li>
</ul>

<ul>
	<li>Who? Folks outside the biz&#39;s daily operations.
	<ul>
		<li>E.g., 🛍️Customers: like teen Timmy, who just bought his first skateboard.</li>
		<li>🚚Suppliers: like &lsquo;Speedy Deliveries Inc.&rsquo; that brings office supplies.</li>
	</ul>
	</li>
	<li>Real-World Example: Think of Nike&#39;s loyal sneakerheads who camp outside stores for the latest drop. They&#39;re the external stakeholders!</li>
</ul>

Stakeholders aren&rsquo;t a monolithic group; they&#39;ve got diverse wants and needs!

<ul>
	<li>💰Return on Investment (ROI): Shareholders love this! They want to see their money grow. Imagine investing in Bitcoin and hoping its value shoots up!</li>
	<li>🏡Impact on the local area: Locals might care about the noise, traffic, or jobs a business brings. Think of when Disney announced a new park &ndash; property prices and excitement both soar!</li>
	<li>⚙️Working Conditions: Employees care about this big time! Just like how Google employees love those fun workspaces and perks.</li>
	<li>🍔Quality of Product: If you&#39;re buying a burger, you want it juicy, right? Customers always keep an eye on this.</li>
</ul>

Businesses aren&#39;t just about making money. They&#39;re like ecosystems, with various species (stakeholders) all relying on the business to meet different needs. Keep them happy, and the ecosystem thrives!

&nbsp;

Stay curious, keep learning, and always have fun! 🌟🚀📚

Unit 1 - Introduction To Business Management - QB

Stakeholder Insights: Internal Vs. External Interests Revealed

Table of content

Quick overview 🚀

Stakeholders - who are they? 🧑🤷‍♂️

Internal stakeholders - the behind - the - scenes team! 🎬🎥

Unlock the Full Content!

Unit 1 - Introduction To Business Management - QB

Stakeholder Insights: Internal Vs. External Interests Revealed

Table of content

Quick overview 🚀

Stakeholders - who are they? 🧑🤷‍♂️

Internal stakeholders - the behind - the - scenes team! 🎬🎥

Unlock the Full Content!