Stakeholder Objectives Year 9 GCSE Business Studies Starter

Stakeholder Objectives Year 9 GCSE Business Studies

Starter Activity Three Piece Suite

Dr. Do Little

Don’t Talk Back

Jack in the Box

Long Time No See

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)

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.

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.

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

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

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

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

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

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?

Plenary Questions and Answers

Homework