Class notes
ADM1100 UNITS 6-10
- Institution
- University Of Ottawa (U Of O )
Lecture notes of 43 pages for the course Introduction to Business and Management at U of O (ADM 1100 UNITS 6-10)
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Unit 6: Stakeholders, Stakeholders
• Stakeholders are any individual or group which
is affected by the business and so has an
interest in its activities
• They may be external (suppliers, customers,
government, community) or internal (owners,
managers, employees)
, Who is involved in business activity?
• Owners or shareholders
• Managers
• Employees
• Customers
• Government
• Suppliers
• The community
, Owners or shareholders
• Have a right on profit
• May or not be involved in management
• Entrepreneurs are important for business
activity, because they promote innovation,
organize production factors and are willing to
take risks
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