Businesses have different types of internal and external stakeholders, with different interests and priorities. Sometimes these interests can conflict.
The local community is made up of the people who live in the area where the business is located. Though not necessarily customers of the business they are all neighbours to the business.
They are concerned with the local environment,infrastructureThe systems such as transport, communications, power and water services. and the impact the business has on jobs and prosperity on the local area.
Local communities have an interest in a business doing well because they want the following:
firms to bring jobs to the area
good, safe environment to live in
good transport and communication links
Local communities can influence how a business operates by:
protesting and petitioning if unhappy at an organisation鈥檚 conduct