StakeholdersEmployees

Businesses have many different stakeholders who each have a key interest in how a business operates. Stakeholders often have influence over the decisions made by business organisations.

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 to ensure:

  • 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 taking industrial action, eg strike