EBK UNDERSTANDING BUSINESS
EBK UNDERSTANDING BUSINESS
11th Edition
ISBN: 8220102809673
Author: Nickels
Publisher: YUZU
Question
Book Icon
Chapter 1, Problem 1CT
Summary Introduction

To think critically about: The stakeholders in the business of a restaurant in a community.

Introduction:

The stakeholders are the individuals that have interest in the business operations. These stakeholders are mainly the investors in the company or the customers and suppliers that are affected by the profits as well as the losses of the company.

Expert Solution & Answer
Check Mark

Explanation of Solution

Given information:

The assessment about the stakeholder for a new start up restaurant in a community has to be made.

Explanation:

The stakeholders that tend to show interest in the new start up of a restaurant in a community are mainly:

  • The employees of the restaurant as they want job security.
  • The customers as they want the food worth of its price and a good taste.
  • The bank that gave the owner loan for the start up as the success of the restaurant mainly determines the loan repayment on time.
  • The community in which the restaurant has to be started as they will be affected by the location of the restaurant and all their work.
Conclusion

Therefore, stakeholders that are expected to be interested in the start up of a restaurant are mainly the customers, the bank, community people and its employees.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
This week we focused on how to manage corporate social responsibility (CSR) and sustainability efforts. Initial Post Instructions Identify one CSR activity that would align well with the organization and country you selected for your final project. Explain why you believe this CSR activity is a good fit for both the organization and the selected expansion country. Describe one outcome that you would like to achieve from this CSR activity. In your responses to two classmates’ discussion posts, provide a different CSR activity that you recommend for your classmates’ projects. Alternatively, you may provide feedback to your classmates’ selected CSR activity pointing out a possible risk to this action and why you think this CSR activity is risky.
Develop a worthwhile, substantial, and innovative strategic initiative. Your strategic initiative could be for an organization for which you work, or have worked, or for an organization for which you would like to work. For MGT451’s purposes, an organization can be a formal organization such as a for-profit business or a not-for-profit agency. For example, if your ideal job is to be a marketing manager for a consumer products company, develop an initiative to launch a new hair care product into the US market. For this assignment profile the organization, your ideal role in the organization, the nature of the strategic initiative, goals to be achieved, and likely measures of success.
CSR and Corporate Ethics - A Global Approach This week you will start working on your Portfolio Project sections. This Critical Thinking assignment can contribute to the completion of the final portfolio project due in Module Eight. As you complete the module assignments, integrate any feedback from your instructor and the knowledge you gain from taking the course to update your assignments in preparation for completing your international expansion plan due in Module Eight. Now that you have identified the organization, country, and product, the Management Team has asked you to prepare a memo for them for the next meeting to include the research you have gathered on the following topics. Please address your memo to the Managing Director and use an appropriate heading for each of the topics listed. Country Background: Provide a brief overview of the country you have chosen and why you think it will be a good location for the organization to manufacture the proposed product. Corporate…
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub