P2 Different stakeholders who influence the purpose of two contrasting businesses
Describe the different stakeholders who influence the purpose of two contrasting businesses
A stakeholder is an individual or group with an interest in the success of a business in delivering intended results and sustaining the capability of the company’s products and services. Well basically stakeholders are groups of people with an interest/concern about the progress of a business.
There are internal and external stakeholders in every business. An internal stakeholder is someone linked internally to the company that has personal interests which they might pursue. An example for this is that managers might seek organisational growth over profits, employees seek high wages and owners would seek for their shares to increase in value.
External shareholders can be individuals or groups such as customers, suppliers or the public which is influenced by a business but are not a businesses internal part.
Stakeholders are affected by certain decisions made by companies. This is whether it is positively or negatively decisions. They can influence a company and decisions that they make.
There are several types of stakeholders as seen below;
Business: Tesco
Tesco is a PLC and it is a global business, it is a supermarket which gives products and service. Tesco is the third largest retailer in world measured by revenues and second largest measured by profits. This is a British supermarket which started in 1919. Tesco is owned by shareholders and anyone could buy shares into the business, the share price is £341.41p. Tesco is divided in to five different formats, differentiated by size and what sort of products sold. Tesco is divided into Tesco extra, Tesco metro, Tesco express, Tesco petrol station and Tesco superstore. Tesco has 6351 stores in total.
Customers: Customers are also known as buyer, client or purchaser of a good, service or product. Customers usually buy products or services from Tesco. Customers want Tesco to produce high quality products. The
A stakeholder is an individual or group with an interest in the success of a business in delivering intended results and sustaining the capability of the company’s products and services. Well basically stakeholders are groups of people with an interest/concern about the progress of a business.
There are internal and external stakeholders in every business. An internal stakeholder is someone linked internally to the company that has personal interests which they might pursue. An example for this is that managers might seek organisational growth over profits, employees seek high wages and owners would seek for their shares to increase in value.
External shareholders can be individuals or groups such as customers, suppliers or the public which is influenced by a business but are not a businesses internal part.
Stakeholders are affected by certain decisions made by companies. This is whether it is positively or negatively decisions. They can influence a company and decisions that they make.
There are several types of stakeholders as seen below;
Business: Tesco
Tesco is a PLC and it is a global business, it is a supermarket which gives products and service. Tesco is the third largest retailer in world measured by revenues and second largest measured by profits. This is a British supermarket which started in 1919. Tesco is owned by shareholders and anyone could buy shares into the business, the share price is £341.41p. Tesco is divided in to five different formats, differentiated by size and what sort of products sold. Tesco is divided into Tesco extra, Tesco metro, Tesco express, Tesco petrol station and Tesco superstore. Tesco has 6351 stores in total.
Customers: Customers are also known as buyer, client or purchaser of a good, service or product. Customers usually buy products or services from Tesco. Customers want Tesco to produce high quality products. The