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#external-factors
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Three examples of possible negative action by external stakeholders which should have direct on a business?
mabunda risuna
Mar 14
Three examples of possible negative action by external stakeholders which should have direct on a business?
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Mar 14
1. Boycotts: If external stakeholders, such as customers or activist groups, organize a boycott against a business due to ethical concerns or controversial practices, it can have a direct negative impact on the company's reputation and bottom line.
2. Regulatory fines: If a business is found to be in violation of laws or regulations by external stakeholders such as government agencies, they may face fines or penalties which can impact their financial performance and operations.
3. Negative media coverage: If external stakeholders, such as journalists or social media influencers, publish negative stories or reviews about a business, it can damage their brand image and credibility, leading to a loss of customers and revenue.
2. Regulatory fines: If a business is found to be in violation of laws or regulations by external stakeholders such as government agencies, they may face fines or penalties which can impact their financial performance and operations.
3. Negative media coverage: If external stakeholders, such as journalists or social media influencers, publish negative stories or reviews about a business, it can damage their brand image and credibility, leading to a loss of customers and revenue.
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