The Purpose and Function of Business PowerPoint Presentation - 1

The Purpose and Function of Business - PowerPoint Presentation ExampleCategorically stakeholders can be classified into internal, external, primary and secondary. natural stakeholders argon members of the organisation like owners, management and employees contrary to that the outside organisations and individuals constitute external stakeholders. Primary stakeholders are highly critical as they have a direct impact on the business owing to their authority, power and resources. Secondary stakeholders are not involved in core business activities and indirectly chance upon the business outcomes.1. Investors Investors are highly crucial to kick starting a business. Being a clothing brand HnMs investors offer the monetary curb needed to create quality products, promote them affectively as well as exhibit them in an efficient manner with easy access to the target market.1. Suppliers HnMs suppliers follow the code of conduct as well as prevailing laws to provide high quality raw materia ls to HnMs factories where the workers work diligently to realise high standard and fashionable garments for kids and adults alike.Stakeholder and organisations relationship is mutually beneficial. Stakeholders put their resources at a risk for the organisations success thus they have high stakes in the business activities. The type of stake depends upon the nature of business activity where the risk has been invested. The stake is not always financial in fact recognition of contribution or a share in the ownership also attribute stakeholder gains.Both primary and secondary stakeholders are important however the intensity of their impact varies. The existence of a business depends mainly on the activities and opinions of the former. Owing to the reciprocity of this relationship businesses today are stipendiary high attention to maximising their positive impact on stakeholders and lowering the negative