StakeholdersEmployees

Businesses have different types of internal and external stakeholders, with different interests and priorities. Sometimes these interests can conflict.

Part ofBusiness managementUnderstanding business

Employees

are often the front line of the business. They are the people who make the product or provide the service to the customers.

Employees have a massive effect on the outcome of the business.

Employees in a shop
Image caption,
Employees are the people who make a product or provide a business's service

Employees have an interest in a business doing well so that they can benefit from:

  • job security
  • higher pay
  • improved working conditions

Employees can influence how a business operates by:

  • increasing or decreasing productivity
  • providing good or bad customer service
  • in extreme cases, withdrawing their labour and going on strike