Stakeholders Unit 1 Assignment 1

Stakeholder | Points to cover | Owners | This could be a sole trader or a partnership. People think that owners are the most important stakeholders because they might have put a lot of effort into setting up the business. Owners want/like their share of profit increasing and there business progressing well. The owners in Marks and Spencer’s have an interest because they want to see their business rising. Cancer Research owners have an interest in the business because they want the charity to raise as much money as possible. | Customers | The customers want the business to do well because if they have a share in that particular business then it is an advantage for them because they will get more money for it. Customers have an interest in Marks and Spencer’s because they know that company is progressing well and it is a well known company and is not likely to fall in debt. Customers that have an interest in Cancer Research because they want to contribute to the charity so that welfare in this world can become better. E.G New ways to cure cancer. Also they have an interest because they know the business provides a good service and that a lot of people donate to it. | Employees | Employees want to have a share in the business because they want earn high wages and so that they can keep their jobs. They want to work for a company that makes them proud. Employees in Marks and Spencer’s may be interested in that business because they want the business to succeed. Here are some people that have a major role in the company: Robert Swanell (Chairman), Marc Bolland (Chief Executive), Alan Stewart (Chief Finance Officer), Kate Bostock (Executive Director, General Merchandise) and many more. | Suppliers | They want to have sturdy orders and punctual payments. They also want to feel appreciated by the company that they give to. Marks and Spencer’s have around 2,000 product suppliers in over 70 countries and they are unique in labeling all of their products with the