Stakeholders of Tesco

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Stakeholders are the people revolved around the interest in business. There are different types of stakeholders in the business world who all play different parts to society. A stakeholder for Tesco may be someone that has the job of affecting their organisation either in a good way or a bad way. Below are listed main stakeholders in a business.

o Workers

o Managers

o Owners

o Customers

o Suppliers

o Government

o Local Community

Workers: A worker at Tesco is someone who has a clear interest in the business they are working in. They tend to rely on work for their income, bonuses, discounts, bonuses and holiday pensions. This meaning they either like or do not have to like their job but they are still working because they need it to live by. Although they are helping Tesco by a significant amount they may take this as a chance of security for their futures and also a chance of meeting new people. Workers at Tesco maintain a big job at hands, as they have to show customers the respect and the idea of customers coming by again.

Managers: You may feel that managers have a different type of job to workers as they do different things to workers but in actual fact they too work to live by on. The decisions of the manager has a great affection on Tesco, it can either result good or bad. Some decisions managers have to take in are:

o Hiring new Staff

o Firing Staff

o Plans for the future

o Ensure everything runs well

Anything a manager decides on affects the workers at Tesco and the organisation so it takes a lot of thinking as role in management for Tesco.

Owners: Owners in a business are very different people to workers and managers; you could say they dictate to what goes around in the business. They will set the salary boundaries and decide whether on increased pay to certain people around Tesco. The owners are considered to be really important people at Tesco as also they constantly look at new ways of making profit; a...
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