Diana Garcia

Anahita Henry

Course code: 09430FBA31A

Unit 1: Exploring Business Activity

P2

 

Introduction

In this part of the assignment I have been asked to describe the different stakeholders in my organisations which are Puma and Olympus Leisure Centre in Haywards Heath. Also I need to explain how they influence the purpose of the organisation.

A stakeholder is somebody who has in interest in a specific business. The main interest of the stakeholders is to see how the business is run, how decisions are made and its financial position. Each stakeholder has different expectations of the company and this will depend of their position in the company.

Example of stakeholders:

  • Banks
  • Employees
  • Managers
  • Directors
  • Trade Unions
  • Shareholders
  • Suppliers
  • Customers
  • Competitors
  • Financiers

Stakeholders can have direct or indirect impact on the running of the business.

Stakeholders are presented in three different ways, this include:

  • Individual
  • Groups
  • Institutions

Other difference between different stakeholders is whether they are external or internal. An internal stakeholder is someone like employees; employees are employed and paid by the company. External stakeholder is someone like competitors, even having impact in the business, they are not part of the company and they are not paid by business.

Also the government can be classified has an internal or external stakeholders depending on the business’s sector. For example in a public business the government will be an internal stakeholder because they fund and run that business but in a private business it is different, government is only an external stakeholder because the business is owned by private individuals.

Olympos’s Stakeholders

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Puma’s Stakeholders

 

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