btec business unit 1 d1
D1: Evaluate the influence different stakeholders exert in the organisation.
Introduction
Each stakeholder is important to the business, however, some are more important than others. I have chosen the top three that I think are the most important and in this word document, I will evaluate how these stakeholders influence the NHS and McDonalds.
McDonalds
Owners
The owners are very important in McDonalds, because they’re the people that invest in the business and make sure that it runs smoothly to be able to give a good service and provide the customers with high quality food. They have to make sure that the each of the fast food restaurants are kept clean and designed well, to attract the customers and make them enjoy their time while having their food. This brings more costs with it; therefore the owners have to make sure that they have enough money when investing more money into the restaurants. They also have to make sure that McDonalds is fully equipped to be able to prepare the food that’s on the menu. When hiring new members of staff, they have to follow the procedures to make sure that they do it correctly. The people that they hire need to be suitable for the job and meet all of McDonald’s requirements and if failed to do so, it could have a big impact on the business and its overall success. Owners also need to make sure that all of the rules and regulations are followed so they don’t get into trouble for going against the law. If any of their employees don’t follow these rules, they are the ones to deal with it. The owners are in control of finance of the business and it’s budgeting. They need to make sure that the money is divided equally and controlled as it’s very easy to fall into debt but harder to get out of it. However, the owners don’t deal with everything themselves as their restaurants are all over the world; therefore they have their trusted people that deal with most of the issues that they don’t have time to deal with. For example, these
Introduction
Each stakeholder is important to the business, however, some are more important than others. I have chosen the top three that I think are the most important and in this word document, I will evaluate how these stakeholders influence the NHS and McDonalds.
McDonalds
Owners
The owners are very important in McDonalds, because they’re the people that invest in the business and make sure that it runs smoothly to be able to give a good service and provide the customers with high quality food. They have to make sure that the each of the fast food restaurants are kept clean and designed well, to attract the customers and make them enjoy their time while having their food. This brings more costs with it; therefore the owners have to make sure that they have enough money when investing more money into the restaurants. They also have to make sure that McDonalds is fully equipped to be able to prepare the food that’s on the menu. When hiring new members of staff, they have to follow the procedures to make sure that they do it correctly. The people that they hire need to be suitable for the job and meet all of McDonald’s requirements and if failed to do so, it could have a big impact on the business and its overall success. Owners also need to make sure that all of the rules and regulations are followed so they don’t get into trouble for going against the law. If any of their employees don’t follow these rules, they are the ones to deal with it. The owners are in control of finance of the business and it’s budgeting. They need to make sure that the money is divided equally and controlled as it’s very easy to fall into debt but harder to get out of it. However, the owners don’t deal with everything themselves as their restaurants are all over the world; therefore they have their trusted people that deal with most of the issues that they don’t have time to deal with. For example, these