1. Real Business Example
Produce a mind-map showing everyone that has anything to do with the organisations Apple Inc. [10mins]

2. TOPIC: Topic 1: Business Organization and Environment
LESSON TITLE: Stakeholders
COMPETENCY FOCUS:
Entrepreneurship (S4): To develop your entrepreneurial skills in preparing a realistic proposal for a new business start-up. You will understand the process a business will have to go through when starting up, including the underlying principles of starting a business.  
[IB Learner Profile Development: Inquirer]
Learning Objectives
By the end of the lesson, you should be able to…
LO1) Identify the key stakeholders of a business
LO2) Explain the interests of internal and external stakeholders, using real life examples
LO3) Discuss the possible areas of conflict between different stakeholders.
SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development.
CRITICAL THINKING KEY:
Knowledge Application Analysis Evaluation

3. What is a stakeholder?
A stakeholder is anyone with any interest in the business.

4. What is a stakeholder?

5. Stakeholder Influence
Using your own secondary research, explain how different stakeholders may have an influence over other stakeholders. Think of Virgin Atlantic. If they started using greener fuel, cost of flights would increase. Who would this affect in a good and bad way?

6. Stakeholder Conflict
Explain what possible stakeholder conflict might exist between different stakeholders. Complete Activity 4.1 Pg40/41

7. Business Plan
Now, explain which stakeholders exist in your own business. [A mind-map will be OK for this] [20mins]

8. Now, continue to write your business plan
Contents of a Business Plan:
Executive summary
Description of the business
Aims and objectives of the business
The business opportunity
The market
Personnel/Staffing
Buying/Production
Premises/equipment
Financial Forecasts/Accounts (including start-up finance)

9. Extension Task
Complete the revision activity on Pg43.

10. Reflection
Reflect on what you have learnt this lesson. What do you need to know more about?