The relationships

between stakeholders

Unit one
Chapter one Ms. Hall
 Relationships in Business
These can be:
Co-operative stakeholders work together to achieve
their common aim, win-win situation.

Competitive stakeholders pursue different aims in

order to gain some advantage over the other.
 Example of Relationships

Employer and employees

Competitive Businesses
Producer and Consumer
Entrepreneurs and Investors, etc.
 Co-operative Relationships

Employees work together as a team

Employees get paid and employers get the work done,
resulting in profit
Producers listen to the customers feedback
Investors provide entrepreneurs with finance in return for
honest information
 Competitive Relationships
Employees may compete with one another for a job promotion
Employers may reduce employees wages in order to reduce
costs to remain competitive.
Businesses may compete on pricing e.g. Ryanair and Aer Lingus