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Business Studies IGCSEPDF 47
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5.
6.
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Technological changes.
New sources of competition.
● Objectives are payments or profits.
● They want business growth so the value of investment increases, or they get
higher status/power.
Each stakeholder group has different objectives for the performance of the business.
A stakeholder is any person or group with a direct interest in the performance and
activities of a business.
Typesof stakeholder groups:
1.Internal Stakeholders – work/own the company (owners, managers, workers).
2.External Stakeholders – outside the business (consumers, government, banks,
suppliers, wider community, pressure groups, and competitors).
Financial: Meet profit targets set by the government – either reinvested or funded
back to the government.
Service: Meet quality targets the government sets and provide services to the
public.
Social: Protect or create employment in certain areas.
Stakeholders
Objectives of Public Sector Businesses
Internal Stakeholders (Owners, Managers, Employees)