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.
Who is Virgin Atlantic's stakeholders?
Which stakeholder groups are effected?
How are these stakeholder groups effected?
Comment to discuss...
PAST YEAR QUESTIONS
What is meant by stakeholder group. (2 marks) Feb/Mar 2018/12 & May/June 2018/11
What are the different objectives of each stakeholder groups? (6 marks) May/June 2020/12
Identify two stakeholder groups and explain each stakeholder groups objectives (4 marks) May/June 2019/13
Identify and explain one way the following stakeholder groups might use financial accounts (4 marks) Oct/Nov 2019/13