A stakeholder is any person or group of people with an interest in the success of a business.
Main stakeholders include:
COWSL
Customers
Owners
Workers
Suppliers
Local communities
Other stakeholders:
Government
Shareholders
Stakeholders conflict:
- conflicts will arise when the interests of one stakeholder group are opposite to that of another stakeholder group
e.g. workers seeking higher wages might conflict with the desire of the owners to cut costs and boost profit
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