BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -A company’s employees, managers and board of directors make up a business’s internal stakeholders. Employees of the company are invested in the company’s performance to ensure they continue to be paid and retain their jobs. Depending on the nature of the business, employees may also have a health and safety focus.
Detailed explanation-2: -A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
Detailed explanation-3: -Common examples of stakeholders include employees, customers, shareholders, suppliers, communities, and governments.
Detailed explanation-4: -Why employees are important stakeholders. Your employees are the ones who create, manufacture, sell and deliver your products. They are crucial to your businesses’ success or failure. They are invested in your company as you pay their wages and offer them job security.