P2- Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Businesses
P2- Describe the different stakeholders who influence the purpose of two contrasting businesses
In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation.
Firstly Stakeholder is an individual or a group who has an interest in the success of a business I delivering high results and maintaining the viability of the business’s products and services.There are internal and external stakeholders in every business.
Tesco is a PLC and it is a global business, it is a supermarket which gives products and service. Tesco is the third largest retailer in world measured by revenues and second largest measured by profits. This is a British supermarket which started in 1919. Tesco is owned by shareholders and anyone could buy shares into the business, the share price is £341.41p. Tesco is divided in to five different formats, differentiated by size and what sort of products sold. Tesco is divided into Tesco extra, Tesco metro, Tesco express, Tesco petrol station and Tesco superstore. Tesco has 6351 stores in total.
Customers
Customers are also known as buyer, client or purchaser of a good, service or product. Customers usually buy products or a services form a supplier/business, it could also be the other way round. Customers could be male or females, they can be different age groups, different ethnic backgrounds or local or national all depending on where they are and the transport they use. Customers can purchase electronically and physically, electronic purchasing is when they purchase from ecommerce (online) businesses whereas physical purchase is when you physically go to a shop and purchase. Customers purchase to meet
In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation.
Firstly Stakeholder is an individual or a group who has an interest in the success of a business I delivering high results and maintaining the viability of the business’s products and services.There are internal and external stakeholders in every business.
Tesco is a PLC and it is a global business, it is a supermarket which gives products and service. Tesco is the third largest retailer in world measured by revenues and second largest measured by profits. This is a British supermarket which started in 1919. Tesco is owned by shareholders and anyone could buy shares into the business, the share price is £341.41p. Tesco is divided in to five different formats, differentiated by size and what sort of products sold. Tesco is divided into Tesco extra, Tesco metro, Tesco express, Tesco petrol station and Tesco superstore. Tesco has 6351 stores in total.
Customers
Customers are also known as buyer, client or purchaser of a good, service or product. Customers usually buy products or a services form a supplier/business, it could also be the other way round. Customers could be male or females, they can be different age groups, different ethnic backgrounds or local or national all depending on where they are and the transport they use. Customers can purchase electronically and physically, electronic purchasing is when they purchase from ecommerce (online) businesses whereas physical purchase is when you physically go to a shop and purchase. Customers purchase to meet