People and Business

People and Business

Introduction

Businesses relay on people. Without them, businesses wouldn't be able

to survive. There would be no point in producing a product because

there isn't anyone to buy it. Employees are needed to make or supply

the products, and customers are needed to buy them, they also need

many other people. Without people a business wouldn't be able to

function properly.

Stakeholders

A stakeholder is any individual group with an interest in the

business. There are many different stakeholders they are separated

into two main groups' external, and internal and connected.

External:

v Society.

v Pressure groups.

v Local communities.

v Trade unions.

v Government agencies.

Internal and connected:

v Suppliers.

v Bankers.

v Customers.

v Shareholders.

v Employees.

v Managers.

And external stakeholder is any individual or organisation that has an

interest in a business but does not have a close relationship with the

business.

Pressure groups. These are organisations that exist to promote causes.

For example, Green peace seeks to protect the environment. Businesses

respond to pressure groups in different ways. They respond because

they want to have a good public image. They may sell goods that have

not been tested on animals or environmentally friendly products. This

could help a business stay competitive.

Local community and society. Businesses are important asset to

society. A large business such as Alstom is very important part of the

community. Local communities expect Alstom to do three main things,

provide employment for people in Lincoln, offer work to other

businesses and avoid environmental pollution, for example noise.

Business try to keep good relations with the local community by

avoiding cutting any jobs where possible and offer support to local

and national charities.

Government agencies. They are three main reasons to be interested in

Alstom:

v The Inland Revenue collects income tax and corporation tax from all

businesses.