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GCSE Business · key term
A situation in which pursuing one stakeholder group's objective makes it harder to meet another group's objective.
Used by AQA, Edexcel and OCR
Paper 1, Paper 2
A situation in which stakeholder groups have competing objectives, so satisfying one group may make it harder to satisfy another.
Revise: Stakeholder Influence and ImpactStakeholder conflict occurs when groups have competing objectives. Employees may want higher wages, but higher wages increase costs and can reduce the profit available to owners. Customers may want low prices, while suppliers want prices that allow them to earn a profit.
Specification 1.5.1 · Paper 1
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A stakeholder conflict occurs when meeting one group's objective makes another group's objective harder to achieve.
Paper 1
A situation in which meeting one stakeholder group's interests makes it harder to meet another group's interests.
Revise: Impact of Business on StakeholdersHigher wages benefit employees, yet increase costs unless other changes offset them. This is stakeholder conflict: meeting one group's interests can make another group's interests harder to meet.