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Stakeholder Objectives

Learn about conflicts of interest between different business stakeholders and how these conflicts can impact decision-making. Engage in interactive activities to analyze conflicts and apply knowledge to real-life scenarios. Homework questions included for practice.

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Stakeholder Objectives

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  1. Stakeholder Objectives Year 9 GCSE Business Studies

  2. Starter Activity Three Piece Suite

  3. Dr. Do Little

  4. Don’t Talk Back

  5. Jack in the Box

  6. Long Time No See

  7. Learning Objectives £ To know at least 5 different Stakeholders of a business and what a conflict of interest might be (E-D) ££ To analyse why conflicts of interest occur between stakeholders (C-B) ££ To apply knowledge in answering some written questions (C-B)

  8. Conflicts of Interest What is meant by a ‘Conflict of Interest’? An employee will want….from a business. A manager will want…from a business. Different Stakeholders will want different things from a business. They may not always agree. A ‘Conflict of Interest’ will occur.

  9. Shenfield High School What Conflicts of Interest might occur between the following Stakeholders? • Students • Teachers • Suppliers of paper and pens • Parents • Local Community CHOOSE TWO STAKEHOLDERS AND EXPLAIN THE POSSIBLE CONFLICT.

  10. Example to get you started… Teachers v Students What do Teachers want that Students might not?

  11. Activity In pairs, you must suggest possible conflicts of interest for each different Stakeholder group of McDonalds.

  12. Situation 1 A business is making a loss. How might this affect the owners of a business?

  13. Situation 2 A business is expanding in size due to increased sales. How might this affect the managers of a business?

  14. Situation 3 ‘Workers are stakeholders in the business in which they work.’ Explain why this is the case.

  15. Situation 4 A chemical’s company is about to close a chemical’s plant in Scotland employing 500 workers. Which stakeholders might be affected by this and how?

  16. Plenary Questions and Answers

  17. Homework

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