p5 unit 1 level 3 btec business

P2
Introduction
In this assignment I will be talking about key stakeholders who influence the purposes of two businesses, the business I have chosen are Tesco and Asda. Also I will be talking about the interest of owners, customers, suppliers, employees, trade unions and shareholders have in the businesses. Another point I will be talking about is why business have to consider local communities and pressure groups when operating their business.
Tesco and Asda key Stakeholders are;
Customers:
Customers want good quality products and services for affordable prices, customer want to shop at Tesco and Asda and receive well experience whenever they shop there. Also Tesco must always understand that meeting customers needs and expectations are very important, otherwise they will lose customers are profits.
Suppliers
Tesco would buy resources that they have needed of to produce goods and services from suppliers, so Tesco and Asda needs to have an effective relationships with their suppliers in order to get quality resources at reasonable prices which intern will help Tesco and Asda to sell products cheaper if they get it cheaper this means Tesco and Asda will then make their customers more happy because they are getting good quality products and services for affordable prices, but this is a two way process as suppliers depend on the business they supply to earn money.

Owners
Owners would want the business to run smoothly and earn from it so the interest they would have in the operations of the business would be that they will like to earn as much money as possible from the business. However for the business to run smoothly the owners would have to employ people with the right skills and qualities for that job role, so that the business can improve every year, otherwise the business would not run smoothly.
Trade unions

Asda:
The key stakeholder’s of Asda are:
Government
Competitors
Local community
Suppliers
Customers
Owners
Employees