Examples Of Primark Stakeholders

Part 2

Stakeholders

Primark stakeholders Primark stakeholders are the people who are or have an interest in the company, meaning the costumers, their employees, the employees associations ,local and national communities ,the manufacturers, government and the parent company ABF.

Employees-within the company will need to notice a change in the working process and the employee get treat equal inside the company and the working environment . Also most employees would concerned about their future development inside the company.

Customers-is very important for the company because to have enough customers buying the company product to keep the business going ,most importantly customers would concerned about the quality of the product and
the price that they are paying.

employees associations -will base on the employees right in the company for example there are here to make sure the company treat fair and not having employees working overtime and finally making sure the company are paying the minimum wage to the employees.

Local and national comminutes-would concerned on if the company are doing in way of sustainable and ethical.

Manufacturers-would look into the company performance for example can the company pay on time and have they make a good profit to be able to pay the suppliers and most importantly they would look if the company have a good future can they have a long term relationship?
• Government-they would probability focus on the amount of profit did the company make and have they follow the legal requirement for example, The company must submit your company Annual Return to Companies House accurately and before the deadline each year.
You must let Companies House know if any of the information it holds relating to your company changes at any time. This changes might be the names and addresses of company officials, a change to the company’s registered office address, These change can be done in the company house website. The financial legal parts is about the company must maintain accurate financial records at all time.(for example income statement ,balance sheet) The company must submit annual accounts to Companies House.

So based on these stakeholders the most important fact is the customer because without the customers the company would find it really difficulty to run and it would have a big possibilities to go
bad.

British heart foundation (BHF) stakeholders

Customers mainly cares about the price and for BHF they mainly sell second hand product . This mean the price is not high compare to brand new product so more people can affordable the buy from BHF . Unlike other company customers priority is the price then come with the quality second

Supplies-The suppliers of BHF is based on people donation so there wont be much suppliers that BHF need to buy from.

Owners-The owners need to know about the company performance so the owners can set target for the company to achieve for the next season

Benefiters – The people and parties who actually use the services and goods created, distributed, or allocated by the non-profit organization are the people or customers.
DONORS AND FUNDING SOURCES – Those who help in funding the operations of the non profit organization these people are there to help to find more donors to donate. And sometime they might find some sponsor to create an events . The program might call charity night to let more people chance to donate.

COMMUNITY – The surrounding community as a whole has a stake in how well a non-profit organization completes its mission and objectives. The community would even cares about the company for example the company has a bad record of using the profit in the wrong way the community would lose trust of the company and there might be less donators donate to the company this can be a huge effect for the company if the company have been caught.

EMPLOYEES & VOLUNTEERS – Employees and Volunteers provide services to keep the nonprofit running and are important stakeholders for nonprofit organizations. Most of the workers are volunteers inside BHF and the employees are mostly
man

Government AND COUNTY ADMINISTRATION – Government at all levels is an important stakeholder for nonprofit organizations. It requires the organization to complete reports of various kinds and in return it provides the organization , for example the income statement or balance sheet but the company get a benefits like tax exemptions. tax deduction, government grants and several other benefits

Exclusive summary

In this report I have chosen two company of one non profit organization and one profit company and I have understand more about those two company about their business, ownership and the company originations and both company are private limited company So they have almost the same legal requirement but the non profit sectors have a huge advantage compare to the profit organization on the tax issue because the non profit sector can have a tax deduction. And the most important things for the both company about the stakeholder is customer would affect the company a lot if the customers are not happy with the company .