Different Stakeholders Who Influence the Purpose of Two Contrasting Organisations
Stakeholder
Stakeholder is a person or groups who have interest in the success of the organization. A stakeholder is mainly concerned with an organization delivering better results and meeting its financial objectives. There are two types of stakeholder. 1. Internal Stakeholder 2. External Stakeholder
Internal Stakeholder:-
Internal Stakeholder is someone who works inside the organization or anyone within the organization that will benefit from the company’s profits. For example:- * Employees
Employees are one of the biggest stakeholders for any organization. As they have a main role in the company, they are interested in their job security; they don’t want to lose their every day .They want their jobs to be safe. They also want safe environment where they are working. Tesco runs many surveys making sure that the area is safe for its employees to work. Employees are also interested in wages they will get for working. Will they get monthly or per hour salary? They also want to know that they will get bonuses for their hard work. Tesco gives up to 20% of the annual bonuses to the employees. Employees are also interested in Pension schemes the business will provide. Is it a state pension or work pension? Tesco provides both of the pensions to its employees. In both Tesco and Oxfam, all the needs of the employees are met, so that the employees work more efficiently within the company, for Tesco it will increase the standard of its services increasing its profit. For Oxfam it will increase its standard of working, increasing the funds raised for poor people. * Owners Owner always wants the business to make profits. In Tesco, owner wants it to make profit. Tesco owner wants to expand as much as possible to be able to meet more customers’ need and making more profit. In Oxfam, owner wants to raise more money for the poor people and expenses of running a charity. Owners also want to theirs employees to meet the new targets and needs of the
Stakeholder is a person or groups who have interest in the success of the organization. A stakeholder is mainly concerned with an organization delivering better results and meeting its financial objectives. There are two types of stakeholder. 1. Internal Stakeholder 2. External Stakeholder
Internal Stakeholder:-
Internal Stakeholder is someone who works inside the organization or anyone within the organization that will benefit from the company’s profits. For example:- * Employees
Employees are one of the biggest stakeholders for any organization. As they have a main role in the company, they are interested in their job security; they don’t want to lose their every day .They want their jobs to be safe. They also want safe environment where they are working. Tesco runs many surveys making sure that the area is safe for its employees to work. Employees are also interested in wages they will get for working. Will they get monthly or per hour salary? They also want to know that they will get bonuses for their hard work. Tesco gives up to 20% of the annual bonuses to the employees. Employees are also interested in Pension schemes the business will provide. Is it a state pension or work pension? Tesco provides both of the pensions to its employees. In both Tesco and Oxfam, all the needs of the employees are met, so that the employees work more efficiently within the company, for Tesco it will increase the standard of its services increasing its profit. For Oxfam it will increase its standard of working, increasing the funds raised for poor people. * Owners Owner always wants the business to make profits. In Tesco, owner wants it to make profit. Tesco owner wants to expand as much as possible to be able to meet more customers’ need and making more profit. In Oxfam, owner wants to raise more money for the poor people and expenses of running a charity. Owners also want to theirs employees to meet the new targets and needs of the