Daewoo Electronics Ltd is a South Korean electronics manufacturer. In 2024, DEL's board of directors is considering expanding into the European market, which will affect various stakeholders of the business.
Define the term 'stakeholder'.
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Nordic Paper Mills Ltd produces sustainable paper products in Scandinavia. The company regularly considers how its operations impact its various stakeholder groups.
State two ways stakeholders can affect a business.
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United Metals Manufacturing PLC produces industrial components in Birmingham. The company employs 500 workers across three production facilities and k=considers them important internal stakeholders.
State two objectives of internal stakeholders.
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Eastern Retail Group PLC operates department stores across Asia. In 2024, ERG is evaluating its relationships with external stakeholders.
Define the term 'external stakeholders'.
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African Mining Ltd extracts precious metals in South Africa. The company interacts with external stakeholders, including local communities and government agencies.
State two objectives of external stakeholders.
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Nordic Electronics Ltd manufactures consumer electronics in Sweden. The company regularly engages with various pressure groups regarding environmental issues.
Define the term 'pressure group'.
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Australian Mining Ltd extracts minerals in Western Australia. The company uses stakeholder mapping to evaluate their influence on its operations.
State two categories in stakeholder mapping.
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Toyota announced plans to convert its UK factory to electric vehicle production. This created stakeholder conflict. Trade unions opposed job cuts, while environmental groups supported the change.
Describe one cause of stakeholder conflict
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