Key stakeholders-FedEx/Christian aid
Unit 1- The Business Environment
P2- Describe the different stakeholders who influence the purpose of two contrasting businesses
Key stake holder’s introduction
A stakeholder is any person who has an interest in a business. A stakeholder usually is an individual, a group or an organization. These people usually have an interest in a business because they are an owner, manager, worker or customer. These people have interest in the business because for most of them their profit or salary is in the business, however a customer may have interest in a business because they want the business to continue to produce products.
Key stake holders- FedEx
FedEx, being a large business has some primary stakeholders, these are the people who have the most interest and who are key people to the businesses development. The key stakeholders in FedEx include their board of directors/ owners, their management, their investors and the government. The FedEx board of directors/ owners are key stake holders because they have the overwhelming control of the company. This makes them key stake holders because they have the largest commitment and the highest investment in the business, whether it is their money or their time. What the board of directors/ owners have invested into the company makes them key stake holders because they have taken risks in setting up their business, the risks that they have taken include the money that they have invested that could be lost if the business was to become bankrupt, this could leave a business owner with nothing, meaning they are a key stakeholder because their life is effectively invested into the business. The influence that these stakeholders have on the business is that they are in control of how the business is run, this means that although they are key stakeholders and they are at risk in running the business themselves, they dictate the effect on other stake holders, for example if the board of directors or the owner decided to
P2- Describe the different stakeholders who influence the purpose of two contrasting businesses
Key stake holder’s introduction
A stakeholder is any person who has an interest in a business. A stakeholder usually is an individual, a group or an organization. These people usually have an interest in a business because they are an owner, manager, worker or customer. These people have interest in the business because for most of them their profit or salary is in the business, however a customer may have interest in a business because they want the business to continue to produce products.
Key stake holders- FedEx
FedEx, being a large business has some primary stakeholders, these are the people who have the most interest and who are key people to the businesses development. The key stakeholders in FedEx include their board of directors/ owners, their management, their investors and the government. The FedEx board of directors/ owners are key stake holders because they have the overwhelming control of the company. This makes them key stake holders because they have the largest commitment and the highest investment in the business, whether it is their money or their time. What the board of directors/ owners have invested into the company makes them key stake holders because they have taken risks in setting up their business, the risks that they have taken include the money that they have invested that could be lost if the business was to become bankrupt, this could leave a business owner with nothing, meaning they are a key stakeholder because their life is effectively invested into the business. The influence that these stakeholders have on the business is that they are in control of how the business is run, this means that although they are key stakeholders and they are at risk in running the business themselves, they dictate the effect on other stake holders, for example if the board of directors or the owner decided to