Business Studies, asked by devinair2506, 2 months ago

stakeholder’s category on the types of conflict

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Answered by HackerPaysBack
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Types of Stakeholders

#1 Customers. Stake: Product/service quality and value. ...

#2 Employees. Stake: Employment income and safety. ...

#3 Investors. Stake: Financial returns. ...

#4 Suppliers and Vendors. Stake: Revenues and safety. ...

#5 Communities. Stake: Health, safety, economic development. ...

#6 Governments. Stake: Taxes and GDP.

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The interests of different stakeholder groups can conflict. For example: owners generally seek high profits and so may be reluctant to see the business pay high wages to staff. ... It will therefore benefit owners but work against the interests of existing staff who will lose their jobs.

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