Different Types Of Stakeholders

Introduction:

In the following task or assignment I will be regarding stakeholders of a business, I will explain what stakeholders are, what they do, what they want, how they are involved with businesses and I will link these specific stakeholders back to the two businesses I had chosen in the previous assignment and give examples that are specific to the two businesses I have chosen.

By definition, a stakeholder is an individual or organisation that has a keen interest in the business, by definition, a stakeholder is also a person or organisation that is affected by the activities of a business. There are two different types of stake holders these are internal stake holders and internal stake holders. Internal stake holders are usually individuals

This is similar but different in some ways for Cancer Research U.K as this is a charitable organisation which means they are not motivated by profit. Cancer Research U.K has thousands of volunteers that have volunteered their time to help the organisation without expecting a reward in return. This means that most of the previously mentioned things do not apply to the volunteers at Cancer Research U.K. The volunteers would only want a sense of accomplishment and to be recognised as helping the

Senior managers tend to already have a large amount of responsibilities and their role in the organisation is large. Like employees, managers also want a feeling of recognition and appreciation in the organisation as they are motivated by their salary and also by feeling valued by the organisation.

In terms of Marks and Spencer’s they also have senior managers that are paid to control and administrate the work force and efforts of the employees at the retailer, these managers desire the same things that were previously mentioned. The senior managers in Marks and Spencer also strive to gain the highest salaries possible. They would also want the organisation to do well so that the organisation can make more profit and so they can gain a higher salary.

In terms of Cancer Research U.K, this organisation is not motivated by profit so they do not technically have managers but instead they would have directors that would do a similar job to managers in the sense that they would be present to help direct and focus the efforts of the organisation towards achieving their common goals. These directors would have paid jobs as Cancer Research U.K does have paid