Who are business stakeholders?

Updated: Feb 21

Groups of people who have interest or are effected by activities of a business


Internal stakeholders are groups of individuals who have direct interest in the business. Unlike external stakeholders, this group will be directly effected if the business succeeds of fail.


Internal stakeholders consist of owners, shareholders, managers and employees, while external stakeholders consist of creditors, government, sub-contracted employees and the wider community.


CASE STUDY READ: Why is Sir Richard Branson's Virgin Atlantic seeking £900m rescue package?

  1. Who is Virgin Atlantic's stakeholders?

  2. Which stakeholder groups are effected?

  3. How are these stakeholder groups effected?


Comment to discuss...


PAST YEAR QUESTIONS

  1. What is meant by stakeholder group. (2 marks) Feb/Mar 2018/12 & May/June 2018/11

  2. What are the different objectives of each stakeholder groups? (6 marks) May/June 2020/12

  3. Identify two stakeholder groups and explain each stakeholder groups objectives (4 marks) May/June 2019/13

  4. Identify and explain one way the following stakeholder groups might use financial accounts (4 marks) Oct/Nov 2019/13

  5. Explain one way each stakeholder groups might use financial information (6 marks