Understanding Stakeholders in Business

Understanding Stakeholders in Business

Learning Objective

At the end of the lesson, you will be able to understand the different stakeholders involved in business.

What do you already know about stakeholders in business?

Slide 1: Introduction

Stakeholders are individuals or groups who have an interest or influence in a business. They can include owners, employees, customers, suppliers, and the community.

Slide 2: Owners

Owners are the individuals or groups who own the business. They have a financial stake in the success of the business and make key decisions.

Slide 3: Employees

Employees are the people who work for the business. They contribute their skills and labor to help the business operate.

Slide 4: Customers

Customers are individuals or other businesses who purchase goods or services from the business. They provide revenue and influence business decisions.

Slide 5: Suppliers

Suppliers are individuals or businesses that provide goods or services to the business. They play a crucial role in the supply chain and can impact the business's operations.

Slide 6: Community

The community refers to the local area where the business operates. Businesses have a responsibility to consider the impact of their operations on the community.

Slide 7: Interactions and Conflicts

Stakeholders may have different interests and priorities, leading to potential conflicts. It is essential for businesses to manage these interactions and find a balance.

Slide 8: Review

Review the different stakeholders involved in business: owners, employees, customers, suppliers, and the community. Discuss their roles and influence on the business.

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.