• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement?

Extracts from this document...

Introduction

´╗┐Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement? A stakeholder is a person or group who is affected by a business, I agree that meeting the objectives of all stakeholders may be desirable but is rarely profitable. Because stakeholders such as the local community may want environmentally friendly products which are high quality and a fair price, whereas managers want more sales which leads to more revenue to get a promotion. ...read more.

Middle

make a loss in profit and some business owners want to make as much profit as they can and this can, therefore, cause conflict and cause employees to go on strike, which therefore doesn?t meet the objectives. Some people may disagree as if you make stakeholders happy such as the local community there will be more sales- and when there are more sales there is more revenue, which leads to more profit, which would be desirable for a business owner. ...read more.

Conclusion

and to keep employees motivated you may have to keep raising their salaries which would meet their objectives but may cause profit to go down. In conclusion, I think that meeting the objectives of all stakeholders will rarely be profitable because following everyone's objectives would practically be impossible if you still want to receive a profit because if you were to make all stakeholders happy by following their objectives the business would possibly go bankrupt as the local community wants a fair price and high-quality products which is hard as high-quality products are quite expensive overall. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. Marked by a teacher

    Sainsbury's Stakeholders and their Job Roles

    4 star(s)

    If one of its competitors launches a successful product Sainsbury will either try and copy or design a better product. One of the responsibilities of a Sainsbury is to ensure that all their products are in a high quality. Sainsbury have a Market Research Department that keeps a close watch

  2. aims and objectives

    * 5% increase from 2001-2002, at least the same increase this year. * Over the next ten years, bottled water is expected to become the world's largest beverage category. We must intercept this market and take advantage. The main objective of a business is usually to make a profit.

  1. The Nature of Conflict over Business Objectives Between Owners and Managers of an Organization

    Boston Group Matrix STARS High Growth QUESTION MARKS Low Market Share High Market Share CASH COWS Low Growth DOGS Stars require heavy investment to sustain their growth, however, when the growth eventually slows, they will be likely to become cash cows.

  2. How does Scott Bader collate information so to investigate how well they are doing ...

    work it out by using there profit and loss accounts, balance sheets and other financials. Following a recent Scott Bader market research survey customers told them that they could do better and that their delivery service could be quicker. Now that Scott Bader know this they can start to love

  1. Comparison of stakeholders interest and influence. Apple vs. Mercedes Benz

    As any metal, or material supplier could raise the price of each quantity or set a minimum quantity per order. As by pressurising Mercedes Benz, their suppliers could change the whole price range of the car models. By increasing cost of the products, Mercedes could loose potential customer, as were e.g.

  2. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    does or what they plan to do in order to improve the business, its sales, awareness and so on, it includes activities include sales,advertising,sales etc. Most importantly it includes the four marketing tools of the marketing mix: Product, Price, Promotion and Place.

  1. Aims and objectives of Waitrose

    Developing the organic will possibly bring more customers to Waitrose, which would increase revenues that will help to maximize profits. Developing the range includes finding better links with local suppliers which costs less and has the same quality or better.

  2. Applied Business. Investigating a business Preston Manor High School

    Preston manor also uses secondary research such as Government publications, analysis of data from other schools, past papers, local authority and Ofsted. The school collects its information from Ofsted; it tells them how well the school is doing. On the schools website there is a link to the whole report of the school made by Ofsted.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work