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Questions
Write any two differences between Internal stakeholders and External stakeholders.
Distinguish between internal and external stakeholders.
Solution
| Basis of Distinction | Internal Stakeholders | External Stakeholders |
| Position | They operate from inside the organisation. | They operate from outside the organisation. |
| Role | They actively participate in the management and work of the organisation. | They do not participate actively in the management and work of the organisation. |
| Constituents | They consist of employers (owners and managers) and employees. | They consist of suppliers, customers, competitors, the government and the general public. |
RELATED QUESTIONS
The primary motive of any business is to earn profit with ______ welfare.
As an external stakeholder, what interest would a company's supplier have in a company?
Stakeholders who are involved in business firms from within the organisation are known as ______ stakeholders. They consist of owners' shareholders and employees of the organisation.
Which of the following is the best example of a primary stakeholder?
Radhika decide to build a new factory in the local area, what stakeholders would have an influence on this?
Stakeholders who contribute to the business enterprise from outside the organisation are known as ______.
Individuals who provide physical and mental efforts for an organisation are known as ______.
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | External stakeholder | i | Shareholders, employees |
| (b) | Government | ii | Creditors, suppliers |
| (c) | Internal stakeholders | iii | Pay taxes on time |
| (d) | Not the stakeholders | iv | Customers |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Board of Directors | i | Reasonable return |
| (b) | Society | ii | Freedom to manage |
| (c) | Employees | iii | Help weaker section |
| (d) | Employers | iv | Fair remuneration |
Distinguish between Primary stakeholders and Secondary stakeholders.
