Stakeholders Are Groups Of People Who

Stakeholders are groups of people who have an interest in a business organisation. They have an interest in the business and can also influence the way business functions. There are two types of shareholders and they are internal and external stakeholders. Internal are those people who are the members of the business organisation, this means that University Hospital of Coventry and Warwickshire consists of many internal stakeholders and they are managers, owners, shareholders, employees. Some people can be both internal and external stakeholders like the staffs or shareholders because they are also local residents.
University Hospital of Coventry and Warwickshire has different types of stakeholders and they are:
Employees – people that work within the business. Their stake is that the company provides them with a livelihood. They seek security of employment, promotion opportunities and good rates of reward. They may also want to work for a company that they are proud of. Employees are internal to the business. These are the people who work at the hospital in the different departments. If they enjoy their work and are motivated therefore they provide a good service to their patients free of charge.
Suppliers – They want steady orders and prompt payment. They also want to feel valued by the company that they supply. Suppliers are external to the business.
University Hospital of Coventry and Warwick will have lots of suppliers to provide good service to their patients. The suppliers need to be sure of the things that they are supplying to the hospital because they don’t want to go back with some properties because this would cost them money and also waste their time. Also they need to built their trust with the business so that they know when to pay them and not to be late on the payment
Pressure groups/unions – These represent the interests of groups of employees. They seek to secure higher wages and better