Stakeholders Who Influence the Purpose of Tesco Plc and Bonzers Farm
RE: Stakeholders who influence the purpose of Tesco Plc and Bonzers Farm
This report investigates the different stakeholders involved in influencing the purpose of Britain’s largest retailer Tesco Plc, this will then be compared to Bonzers Farm, which is a successful local business providing fresh produce. In this report we will get to distinguish key stakeholders in both businesses, and their relevance and the part which the play within that business. I will then conclude my report by discussing conflicts of interest and the interdependencies with those stakeholders.
Stakeholders are people that have an interest in the success of business and play a role in the survival of that business. They tend to submit monthly amounts of money into the company or that it affects or is affected by the businesses action, they would be seen as more important to a company such as Bonzers Farm as they would need all the funding they could get, as it only supplies small local business and would be easily influenced by any small change, where as Tesco’s Plc, which is a successful international retailer would of established strong relationships with its stakeholders and is in a better financial situation and therefore any financial change could be overcome easily .
Tesco Plc and Bonzers Farm have similar stakeholders. The main ones are shareholders, customers, employees, government, local community, and suppliers.
Shareholders are people who legally own shares of stock in Tesco Plc, they are needed as if Tesco is losing income and find themselves in financial trouble they can sell their shares to help build up the business, so the more shareholders they hold they better the chance of recovery. Shareholders want the business to succeed and their shares to increase which means a better return/dividend. Shares would be more secure with a company like Tesco Plc as it’s considered to be successful and gives out better dividends. Bonzers Farm would be seen as an unsecure investment
This report investigates the different stakeholders involved in influencing the purpose of Britain’s largest retailer Tesco Plc, this will then be compared to Bonzers Farm, which is a successful local business providing fresh produce. In this report we will get to distinguish key stakeholders in both businesses, and their relevance and the part which the play within that business. I will then conclude my report by discussing conflicts of interest and the interdependencies with those stakeholders.
Stakeholders are people that have an interest in the success of business and play a role in the survival of that business. They tend to submit monthly amounts of money into the company or that it affects or is affected by the businesses action, they would be seen as more important to a company such as Bonzers Farm as they would need all the funding they could get, as it only supplies small local business and would be easily influenced by any small change, where as Tesco’s Plc, which is a successful international retailer would of established strong relationships with its stakeholders and is in a better financial situation and therefore any financial change could be overcome easily .
Tesco Plc and Bonzers Farm have similar stakeholders. The main ones are shareholders, customers, employees, government, local community, and suppliers.
Shareholders are people who legally own shares of stock in Tesco Plc, they are needed as if Tesco is losing income and find themselves in financial trouble they can sell their shares to help build up the business, so the more shareholders they hold they better the chance of recovery. Shareholders want the business to succeed and their shares to increase which means a better return/dividend. Shares would be more secure with a company like Tesco Plc as it’s considered to be successful and gives out better dividends. Bonzers Farm would be seen as an unsecure investment