Question More often than not, small and medium sized enterprises (SMEs) are called the backbone of a nation's economy. These businesses play a vital role for the growth and development of its surrounding community. A stakeholder, on the other hand, is a party that has an interest in a company and can either affect or be affected by the business. Using examples of your choice, discuss the positive (or negative) role played by small businesses when dealing with any five of its stakeholders. Your discussion may include the significance of that relationship, potential benefits (or drawbacks), risks involved, and any other interesting facts pertaining to each relationship. Finally, rank the above examples according to its importance to the small businesses you chose as examples. Explain your rationale for doing so. *3000 words.
Question
More often than not, small and medium sized enterprises (SMEs) are called the backbone of a nation's economy. These businesses play a vital role for the growth and development of its surrounding community. A stakeholder, on the other hand, is a party that has an interest in a company and can either affect or be affected by the business. Using examples of your choice, discuss the positive (or negative) role played by small businesses when dealing with any five of its stakeholders. Your discussion may include the significance of that relationship, potential benefits (or drawbacks), risks involved, and any other interesting facts pertaining to each relationship. Finally, rank the above examples according to its importance to the small businesses you chose as examples. Explain your rationale for doing so.
*3000 words.
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