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Business Stakeholders

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?

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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?

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