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3 example of possible negative action by external stakeholders which should have direct impact on a business ?
Lerato Ngwenya
Mar 14
3 example of possible negative action by external stakeholders which should have direct impact on a business ?
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Mar 14
1. Boycott: External stakeholders, such as customers or activist groups, may organize a boycott of a business in response to unethical practices or controversial actions. This can have a direct impact on the business's revenue and reputation.
2. Negative publicity: External stakeholders, such as the media or social media influencers, may spread negative information or rumors about a business, damaging its reputation and potentially leading to a loss of customers and investors.
3. Legal action: External stakeholders, such as regulatory agencies or advocacy groups, may take legal action against a business for violating laws or regulations. This can result in fines, penalties, and legal fees, as well as damage to the business's reputation and credibility.
2. Negative publicity: External stakeholders, such as the media or social media influencers, may spread negative information or rumors about a business, damaging its reputation and potentially leading to a loss of customers and investors.
3. Legal action: External stakeholders, such as regulatory agencies or advocacy groups, may take legal action against a business for violating laws or regulations. This can result in fines, penalties, and legal fees, as well as damage to the business's reputation and credibility.
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