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LC 1.1 Stakeholders
LC 1.1 People in Business
| Term | Definition |
|---|---|
| Entrepreneur | people who take the initiative to turn an idea into a business |
| Stakeholders | the different groups of people who are directly affected by how a business is run |
| Investors | people who provide a business with the finance it needs |
| Employers | recruit staff to work for them |
| Employees | are recruited by a business to assist in the business in return for a wage |
| Managers | are the people responsible for running the business and achieving its goals |
| Producers | the businesses that make products to sell to customers |
| Suppliers | businesses that supply the raw materials needed by the producder |
| Consumers | are people who purchase goods from a business for their own use |
| Customer | are people who purchase goods from a business for their own use or for resale to others |
| Society | both the local community where the business is located and to the wider society - nationally and globally |
| Government | local and national authorities that set the rule and regulations by which businesses must operate |
| IBEC | Irish Business and Employers Confederation |
| ISME | Irish Small & Medium Enterprises |
| ICTU | Irish Congress of Trade Unions |
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