Queensland Academy Of Science, Mathematics And Technology
Book
Business Management for the IB Diploma Study and Revision Guide
These notes are intended for the IB HL Business Management course and contain key information and details for Unit 1: Business Organization and Environment and made specific to 1.4 syllabus objectives. These notes also contain the syllabus objective for Unit 1.4 which is linked to each information....
Queensland Academy of Science, Mathematics and Technology
IB HL Business Management
All documents for this subject (7)
2
reviews
By: elisavillacampa • 5 year ago
By: shifadiani • 6 year ago
Seller
Follow
PerfectIBNotes
Reviews received
Content preview
CHAPTER 1.4 STAKEHOLDERS
Stakeholder = is a person or organization with a direct interest in, and is affected by, the
activities and performance of a business.
Interests of internal stakeholders (AO2)
Internal stakeholders = members of the organization i.e. the employees, managers, directors
and shareholders of the organization
Employees:
- Definition = the staff of a business will have a stake (an interest) in the organization
they work for
- Employees are likely to strive to improve their pay, working conditions, job security
and opportunities for career progression.
Managers and directors:
- Managers are the people who oversee the daily operations of a business.
- Directors are senior executives who have been elected by the company’s
shareholders to direct business operations on behalf of their owners.
- Senior managers and directors might aim to maximise their own benefits, such as
annual bonuses and other perks (aim for profit maximization)
Shareholders (stockholders):
- Limited liability companies are owned by shareholders.
- This stakeholder group invests money in a company by purchasing its shares
- Stockholders are a powerful stakeholder group as they have voting rights and a ‘say’
in how the company is run
- As the owners of the company, they are also entitled to a share of its profits
Shareholders have two main objectives:
- To maximise dividends ( proportion of the company’s profits distributed to
shareholders)
- To achieve a capital gain in the value of the shares (a rise in the share price)
Interests of external stakeholders (AO2)
External stakeholders do not form part of the business but have a direct interest or
involvement in the organizations i.e. customers, suppliers, pressure groups, competitors and
the government.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PerfectIBNotes. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.99. You're not tied to anything after your purchase.
