M1 Helpsheet Unit 1 Btec Business

Topics: Need, Want, Lebanon, Tennessee Pages: 2 (578 words) Published: January 23, 2013
Help Sheet – M1 Unit 1
Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting Organisations (M1) You must explain the points of view of the different stakeholders and link the points of view with the aims and objectives of each business. You need to research all aspects and investigate external influences that affect your chosen businesses, for example, supply and demand, government legislation, economy and social factors. * Introduction – start the assignment by describing why stakeholders have different perspectives. They all want their own way, see examples below to help… * You need to look at TWO companies (Tesco and AKA)

* Suppliers – want the best price for their product (eg farmers and milk prices, Tesco want to give them 21p, farmers want 25p – how will this affect Tesco’s aims and objectives? (profit, being the best retailer, offering value for money) for AKA – the suppliers want to deliver a product at a certain time, AKA only open from 1pm – this affects suppliers as they have other deliveries and may waste time waiting for AKA to open, hence not worth the order. * Customers – they want the best quality for the best price, they constantly research competitors and only buy the best. They demand special offers, excellent customer service and for big companies to go the extra mile for them. How is this different to suppliers or employees point of view? AKA – the customers want more classes, more sessions, cheaper dance classes, - this goes against the owners as she wants to make a profit and have a minimum numbers of people attending classes otherwise she won’t cover costs. * Local community – they want clean environment, quiet peaceful living area, no rubbish – how will this influence aims and objectives? And how is this different to the other perspectives eg. managers who want to make a profit not pay for bins or plan for early morning deliveries). For AKA, local community...
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