Purchase Solution

Business Stakeholders

Not what you're looking for?

Ask Custom Question

Imagine that you are thinking of starting a new restaurant in your community. Who would be the various "stakeholders" of your business? What are some of the things you could do to benefit your community (through your new business) other than just providing jobs and tax revenue? How would you establish good relationships with your suppliers? With your employees? Do you see any conflict between your desire to be as profitable as possible and your desire to pay people a living wage?

Purchase this Solution
Solution Summary

Imagine that you are thinking of starting a new restaurant in your community. Who would be the various "stakeholders" of your business? What are some of the things you could do to benefit your community (through your new business) other than just providing jobs and tax revenue? How would you establish good relationships with your suppliers? With your employees? Do you see any conflict between your desire to be as profitable as possible and your desire to pay people a living wage?

Solution Preview

Who would be the various "stakeholders" of your business?

The various stakeholders will be the owners/investors of the restaurant, the employees working in the restaurant, the vendors/suppliers of the restaurant, the customers who will come to dine at the restaurant.

What are some of the things you could do to benefit your community (through your new business) other than just providing jobs and tax revenue?

Some of the things which can be done to benefit the community will be:

1) Donations to non profit organizations who work for the betterment of the community.

2) ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

View More Free Quizzes
Related BrainMass Solutions

  • businesses and stakeholders

    Business has responsibility to community stakeholders in business-closing decisions because business-closing decision affects community stakeholders.

  • Stakeholders

    Stakeholders Who are stakeholders? How do stakeholders influence strategic business planning? What is the significance of their role in strategic business planning? Provide specific examples.

  • Stakeholder orientation

    It ensures that win-win situation is created for all stakeholders and thus, remain fair and honest to all stakeholders. Discusses impact of stakeholder orientation on CSR and business ethics.

  • Information Computer Technology: Use in Manufacturing

    Effects of ICT on Stakeholders of Manufacturing Companies Stakeholders are the essential components of business organizations. Each Organization has a large number of stakeholders.

  • Government Policies, the Business Environment and American Citizens

    Once all the stakeholders are identified, the organizational leaders can analyse the stakeholders' interests and plan the business in ways that will benefit each one over a considerable space of time, thus creating a sustainable business.

  • Pharmacutical manufacturer

    397644 Pharmacutical manufacturer: Types of stakeholders and their involvement Create a presentation in which you demonstrate how different stakeholders are affected by business decisions and practices.

  • Ethics in Business Practices

    Identify your stakeholders and what makes them stakeholders in your business: The employee The employees directly deal with our business.

  • Organizations are complex systems with multiple stakeholders

    Please give an example of a business process where the interests of two (or more) stakeholders are in opposition.

  • Investigating a business commitment and performance

    The economic decisions may positively affect the stakeholders by improving the business performance and overall profitability.

  • CSR- Corporate Social Responsibility

    • Identify your stakeholders and what makes them stakeholders in your business: - The employee - The supplier - The customers - The government - The local community and society • How does your business communicate with its stakeholders?

View More Related Solutions