the type of business, purpose and ownership of two contrasting businesses [P1]
D1 – Evaluation
In this task I will be evaluating the importance of different stakeholders in Tesco.
The three most important stakeholders in Tesco are the employees, customers and owners. However, other stakeholders such as the trade unions, suppliers and Investors are also important.
The employees in Tesco have some common interests as well as opposing interests. One of the most common interests the employees of Tesco have is that they want maximum wages for the work they put in. As well as this they expect promotions if they have been working at a lower role in the organisation for a couple of years and want to move up in the organisation. These differences in the organisation are addressed through staff meetings where these issues are bought up. Then it is just up to the managers to decide what they want to do. If they get permission from the owners to give staff promotions and give pay rises for outstanding work then everyone will be happy and most importantly the employees will be happy which will lead to many benefits such as a good working environment.
Common interests owners have in Tesco are things such as the recruitment policy. This is because just like any other organisation Tesco want to recruit well driven people to work in their organisation in order for them to be doing well in the market. Another interest an owner in Tesco may have is opening and closing down buildings which some people will agree or disagree on. The owner of Tesco has the power to close down one of its stores if they feel they are making losses all the time or maybe because rival competitors are in a nearby location and are attracting all the customers. However, this will not go down well with everyone as staff of a store which is closing down will lose their jobs and be unhappy and possibly spread the word that Tesco is not a good organisation to work with. These differences can be resolved with a good recruitment policy which will help the organisation hire some excellent
In this task I will be evaluating the importance of different stakeholders in Tesco.
The three most important stakeholders in Tesco are the employees, customers and owners. However, other stakeholders such as the trade unions, suppliers and Investors are also important.
The employees in Tesco have some common interests as well as opposing interests. One of the most common interests the employees of Tesco have is that they want maximum wages for the work they put in. As well as this they expect promotions if they have been working at a lower role in the organisation for a couple of years and want to move up in the organisation. These differences in the organisation are addressed through staff meetings where these issues are bought up. Then it is just up to the managers to decide what they want to do. If they get permission from the owners to give staff promotions and give pay rises for outstanding work then everyone will be happy and most importantly the employees will be happy which will lead to many benefits such as a good working environment.
Common interests owners have in Tesco are things such as the recruitment policy. This is because just like any other organisation Tesco want to recruit well driven people to work in their organisation in order for them to be doing well in the market. Another interest an owner in Tesco may have is opening and closing down buildings which some people will agree or disagree on. The owner of Tesco has the power to close down one of its stores if they feel they are making losses all the time or maybe because rival competitors are in a nearby location and are attracting all the customers. However, this will not go down well with everyone as staff of a store which is closing down will lose their jobs and be unhappy and possibly spread the word that Tesco is not a good organisation to work with. These differences can be resolved with a good recruitment policy which will help the organisation hire some excellent