Businesses have many different stakeholders who each have a key interest in how a business operates. Stakeholders often have influence over the decisions made by business organisations.
The local community is made up of the people who live in the area where the business is located. Though not necessarily customers of the business they are all neighbours to the business.
They are concerned with the local environment,infrastructureThe systems such as transport, communications, power and water services. and the impact the business has on jobs and prosperity on the local area.
Local communities have an interest in a business doing well so that they:
want firms to bring jobs to the area
want good, safe environment to live in
want good transport and communication links
Local communities can influence how a business operates by:
protesting and petitioning if unhappy at an organisation鈥檚 conduct