Preview

Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Businesses.

Satisfactory Essays
Open Document
Open Document
428 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Businesses.
Kentucky Fried Chicken
There are many stakeholders of KFC the main ones are Employees, Customers, Delivery services, Contracted Vending Companies, suppliers and Contracted Cleaning Companies.
Employees-
• Employees are important stakeholders in the business as they provide the service to the customer who eats at KFC. Without well trained staff the business would not run smoothly. The interest of the staff would be to make sure they have a secure job and a steady wage. If employees feel they are being treated poorly they will be less enthusiastic towards work.
Customers-
• Without customers going to KFC it would not make profit and eventually go bust. Customer’s interest in KFC would be to go to their restaurant to have a fast food meal in which they enjoy.
Delivery services-
• Delivery services expand the product and services for the customers. Without delivery services being on time and well ran KFC would not have the stock that is needed.

Contracted Vending companies-
• Their interest would be to supply their product to KFC so they sell it on and get their product in the restaurants.

Contacted Cleaning Companies-
• They would insure that KFC stays hygienic and the image of the company is good.

Employees-
• Employees are important stakeholders in the business as they provide the service to the customer who travels via Translink. Without the staff being able to do their job correctly the company would not run according to plan. If the staff do not do their job correctly it will not insure they stay in the work place.

Customers-
• Translink supply a service to the people of Northern Ireland which are customers. Customers aren’t as important to Translink as they are to KFC as Translink is government run and does not make a profit. Even if customers don’t use Translink it will not go bust as everyone pays tax’s to keep it running.

Bus/ Train manufactures-
• They want to insure Translink are running well
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    p2 describe the different stakeholders who influence the purpose of two contrasting businesses
    • 1031 Words
    • 5 Pages

    p2 describe the different stakeholders who influence the purpose of two contrasting businesses

    Employees are stakeholders within the company as the business provides them with a livelihood or, if the organisation is a non profit organisation, then this provides a sense of generosity for those who work for free. They seek security of employment ,promotion, opportunities and good rates of reward.…

    • 1031 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Organisations
    • 383 Words
    • 2 Pages

    Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Organisations

    Employees: Their stake is that the company provides them with am livelihood. They want security of employments, good rates of reward and also promotional opportunities.…

    • 383 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    – Evaluate the influence that the different stakeholders exert on one organisation.

    • 500 Words
    • 2 Pages

    – Evaluate the influence that the different stakeholders exert on one organisation.

    Employees are very influential stakeholders of Lidl and they are crucial for the running of the organisation. They have around 315,000 employees worldwide. The quality of an employee’s performance depends on the way human resources are managed within the company. An employee’s main interests are salaries, wages and job satisfaction; all of these factors influence the company’s staff turnover. When employing new staff, and managing existing staff the employers must consider a lot of different elements. Employees can affect and influence Lidl in various ways and due to different reasons, some are; skills and qualifications, personal views and opinions, employee performance, training and redundancy. As employees are one of the main stakeholders and are the human resources of the company; their performance highly affects Lidl. If the employees are not satisfied with their wages or the working environment the products and services will not be of a satisfactory standard which could result in poor publicity. Motivation is one of the methods used to improve employee performance as when employees feel unmotivated they tend to perform inadequately e.g. the shop floor could be untidy, shelves un-stocked or a lack of people on the tills. An employee’s skills and qualifications are crucial aspects because if an employee doesn’t have the right skills or knowledge to perform a certain task…

    • 500 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Kfc's Big Game of Chicken
    • 1081 Words
    • 5 Pages

    Kfc's Big Game of Chicken

    As a long-standing leader of fast food industry, KFC has gained a substantial global recognition and developed multinational operation in past decades. Although KFC has successfully entered Asian and African markets, the domestic operation has faced lots of challenges such as declining market share, industry competition and franchisees dissatisfaction and so on. President Novak would like to keep how the company is doing well now, which is to focus more on foreign market. The domestic franchisees are disappointed to KFC management team due to lots of restrictions, and neglect. Therefore, they are ending up with selling off the KFC units, and changing their careers. The issue of KFC Company is to either focus solely on the foreign markets, or focus both with restructure the domestic market. Two recommendations are need to take into steps to create values for the Company’s future development: expansion the foreign market and restructure the domestic market.…

    • 1081 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    A Kfc Casestudy
    • 3926 Words
    • 16 Pages

    A Kfc Casestudy

    If one international brand must be selected as the most favourite one for Chinese consumers, it would be Kentucky Fried Chicken, or KFC as it is known more commonly. According to questionnaire survey conducted by the globally-renowned marketing researching company AC Nielsen in 30 China cities in 1999, KFC was accepted by Chinese consumers as “the most popular brand” and ranked as the No.1 among top ten international brands in China. With the increasing abundance of managerial experience, the expanding number of staffs and the gradually impeccable management system, KFC accelerates its velocity of development since entering the Chinese market in 1987. Up to now, there are over 3,200 outlets in more than 700 cities across China and the number keeps growing rapidly, which makes China the largest overseas market of KFC. It cannot be denied that KFC has achieved great success in China and the prosperity cannot be separated from its effective international business development roadmap for the Chinese market.…

    • 3926 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Good Essays

    Describe the type of business purpose and ownership of two contrasting businesses
    • 524 Words
    • 2 Pages

    Describe the type of business purpose and ownership of two contrasting businesses

    Employees: They want the company to provide them a source of revenue; they seek security for employment, promotional opportunities and good rates of reward…

    • 524 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Explain the Views of at Least 3 Main Stakeholders for Two Contrasting Businesses
    • 924 Words
    • 4 Pages

    Explain the Views of at Least 3 Main Stakeholders for Two Contrasting Businesses

    There are many stakeholders of Burger King; customers, employers, suppliers, owners and the trade union. The customers of Burger King are classed as external stakeholders, they have an interest in the business as they are the purchasers, users and consumers of Burger King. They are vital for the business as they provide the cash flow. The cash flow comes from customers wanting a product enough to purchase it, so they are affected by changes in the business which then affects the businesses profit. The customers want products with good variety, quality, convenience and low cost. Employees are also a main stakeholder of Burger King and in 2010 they had 38,840 (approx). Their interest in the business is having a job, salary, job security, chance of promotion, job satisfaction and training. The employees of Burger King want to have an influence on the business and have their good efforts noticed with promotions and employee of the month/year. They affect the turnover of the business and level of customer service for example if certain employees didn’t do everything they are employed to do and do things to a good standard this could give a…

    • 924 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Top Competitors of McDonalds
    • 467 Words
    • 2 Pages

    Top Competitors of McDonalds

    KFC which comes under Yum Brands has the second best global brand in the fast food industry. They stand strong till today for many reasons like their trade secret of original chicken recipe with 11 herbs and spices, they have over 4,000 outlets in China itself where they get maximum of their revenues from, they offer more products from the other Yum brands and satisfy more customers. KFC gained a lot of negative publicity because of the criticism received from PETA over the conditions of raising chicken; they were serving chicken wings with kidney and also got into the news for untrustworthy suppliers. More and more people are opting for a healthy living but KFC foods are high on calories. They lack menu innovation and thus losing a lot of customers.…

    • 467 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Swot Kfc
    • 443 Words
    • 2 Pages

    Swot Kfc

    KFC has been trying to enter new markets and position itself in some of the hard to enter markets like the South America. With more investments the company can definitely make its position stronger in the food industry.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    Kfc Leadership & Management Paper
    • 4746 Words
    • 19 Pages

    Kfc Leadership & Management Paper

    The report is mainly focusing on Kentucky Fried Chicken (KFC) company and has been divided into three categories at the aim of identifying the leadership and management issues in the company and suggest appropriate solutions to it.…

    • 4746 Words
    • 19 Pages
    Best Essays
    Read More
  • Best Essays

    Case Study – Kentucky Fried Chicken & the Global Fast-Food Industry in de Wit & Meyer
    • 3511 Words
    • 15 Pages

    Case Study – Kentucky Fried Chicken & the Global Fast-Food Industry in de Wit & Meyer

    In other international markets, KFC planned to grow primarily through franchises, which were operated by local business-people who understood the local market better than KFC. Franchises enabled KFC to more rapidly expand into smaller countries that could only support a small number of restaurants. KFC planned to aggressively expand its company-owned restaurants into…

    • 3511 Words
    • 15 Pages
    Best Essays
    Read More
  • Good Essays

    Kfc in China
    • 348 Words
    • 2 Pages

    Kfc in China

    This book examines the major contributing factors which catapulted KFC to the top of the Chinese restaurant service industry in less than two decades. It focuses on KFC China's competitive differentiators, and how they jelled in support of a coherent business strategy, and of each other. The successful execution of KFC China's business strategy has since been rewarded with an unlikely industry leadership position in growth, profitability, market share, and brand recognition in the world's fastesThere is no doubt that China has become the highest-growth market of Kentucky Fried Chicken. Seventeen years after opening the first KFC outlet in China, KFC has celebrated its 1000th restaurant milestone in Beijing on January 16, 2004 (business wire, 2004). As the Yum! Brands, Inc., the parent company of KFC, states in the 2003 annual customer mania report , “China continues to be our Rising Star, driving double digit sales growth for the fifth consecutive year and record operating profit up over 42% in 2003.” The number is the best annotation for the announcement–in the year of 2003 China has accounted for $157 million in KFC’s operating profit.…

    • 348 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    ertert
    • 1018 Words
    • 4 Pages

    ertert

    Restaurant Brands is a special family franchise that owns companies such as, KFC, Carls Jr, Pizza Hut, and Starbucks, and operates around the world. In KFC, you will experience passionate and positive, energetic team members that strive to meet and exceed every customer’s expectation. Some ways they do this are through suggestive selling, physical appearance, speed and effective service. KFC value customers’ opinions. If the set expectations are not met, customers will notify them by email or writing a letter to let them know the problem. KFC would then correct the problem, in order to serve their customers better in the future. KFC also values efficiency and consistency throughout the franchise. KFC is the second most successful fast food industry worldwide. Their recognition of achievement helps the organisation to operate effectively worldwide, with a memorable quote ‘’finger licking good’’ and Colonel Sanders’s 11 herbs and spices secret recipe to make every bite a mouthful.…

    • 1018 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    KFC Use this method if you'd like to upload
    • 1608 Words
    • 7 Pages

    KFC Use this method if you'd like to upload

    KFC competing the competitors & maintaining strong relationship with customers by taking under consideration its Macro & Micro environment very efficiently.…

    • 1608 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Integrated Marketing Communication
    • 397 Words
    • 3 Pages

    Integrated Marketing Communication

    KFC’s customers buy KFC’s meals in KFC restaurants during lunch & dinner times, because they want to eat tasty meals and save some money.…

    • 397 Words
    • 3 Pages
    Satisfactory Essays
    Read More

Related Topics