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Stakeholder Objectives. Year 9 GCSE Business Studies. Starter Activity. Three Piece Suite. Dr. Do Little. Don’t Talk Back. Jack in the Box. Long Time No See. Learning Objectives. £ To know at least 5 different Stakeholders of a business and what a conflict of interest might be (E-D)
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Stakeholder Objectives Year 9 GCSE Business Studies
Starter Activity Three Piece Suite
Learning Objectives £ To know at least 5 different Stakeholders of a business and what a conflict of interest might be (E-D) ££ To analyse why conflicts of interest occur between stakeholders (C-B) ££ To apply knowledge in answering some written questions (C-B)
Conflicts of Interest What is meant by a ‘Conflict of Interest’? An employee will want….from a business. A manager will want…from a business. Different Stakeholders will want different things from a business. They may not always agree. A ‘Conflict of Interest’ will occur.
Shenfield High School What Conflicts of Interest might occur between the following Stakeholders? • Students • Teachers • Suppliers of paper and pens • Parents • Local Community CHOOSE TWO STAKEHOLDERS AND EXPLAIN THE POSSIBLE CONFLICT.
Example to get you started… Teachers v Students What do Teachers want that Students might not?
Activity In pairs, you must suggest possible conflicts of interest for each different Stakeholder group of McDonalds.
Situation 1 A business is making a loss. How might this affect the owners of a business?
Situation 2 A business is expanding in size due to increased sales. How might this affect the managers of a business?
Situation 3 ‘Workers are stakeholders in the business in which they work.’ Explain why this is the case.
Situation 4 A chemical’s company is about to close a chemical’s plant in Scotland employing 500 workers. Which stakeholders might be affected by this and how?
Plenary Questions and Answers