Understanding Stakeholder Conflict

Which of the following is a primary stakeholder in a business?

• The local community

• Employees

• Competitors

• The media

What is the main interest of shareholders in a company?

• Environmental sustainability

• Profit maximisation

• Employee welfare

• Community development

How can stakeholder conflict impact a business?

• It can lead to increased employee satisfaction

• It can result in improved customer loyalty

• It can cause delays in decision-making

• It can enhance brand reputation

Which of the following is a method of stakeholder engagement?

• Ignoring stakeholder feedback

• Conducting regular meetings

• Reducing product quality

• Increasing prices without notice

What is a common challenge when balancing stakeholder needs?

• All stakeholders have the same priorities

• Stakeholders always agree on business strategies

• Conflicting interests among stakeholders

• Stakeholders are not interested in business outcomes

Which stakeholder group is primarily concerned with job security and working conditions?

• Customers

• Suppliers

• Employees

• Government

What is the primary interest of customers as stakeholders?

• High product prices

• Quality products and services

• Increased company profits

• Employee benefits

How can a business effectively balance the needs of different stakeholders?

• By prioritising only the needs of shareholders

• By ignoring stakeholder feedback

• By considering the impact of decisions on all stakeholders

• By focusing solely on short-term profits