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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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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 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?

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