unit 1 p2
Unit 1 – P2 – Business Stakeholders
Stakeholder
Explanation (definition in own words)
What the stakeholder wants from Tesco
What the stakeholder wants from Oxfam
Customers
Customers are the people who come to a business for goods/services they want. This is not always for payment. The customer can be another business or an individual. Customers expect the basics from the business which are Value for money, product quality etc.
Customers would want e.g. Tesco. To have reasonable prices for their food. This is because this will meet customer’s standards of Tesco and so that they are able to pay for the products/services. This is why Tesco are popular because they provide reasonable prices for their products/services.
Oxfam stakeholders will want customers to come in and shop so that they can get money to provide relief from poverty and also provide blanket, tend , food and clothing
Employees
Employees are the people who work for the business. They provide the skills and work needed for the business and in return get their wages/ salaries for working for the business.
The employees will want to get things like promotions to higher job roles if they do well for the business. This is because employees can sometimes be suited for higher job roles then they’ve already got. The benefits of promotion are usually higher wages.
Oxfam Employees want job security at Oxfam. They want protection from disease from third world countries and also protective equipment also suitable clothing
Suppliers
Suppliers are the businesses that supply a certain business with its raw materials. They supply the materials to the business so that particular business can operate properly. The suppliers usually want regular orders, prices that reflect the quality of products etc.
Tesco want that suppliers provide materials and services which are useful for the business .Tesco wants
Want regular orders placed, prompt payment, prices that reflect the quality of
Stakeholder
Explanation (definition in own words)
What the stakeholder wants from Tesco
What the stakeholder wants from Oxfam
Customers
Customers are the people who come to a business for goods/services they want. This is not always for payment. The customer can be another business or an individual. Customers expect the basics from the business which are Value for money, product quality etc.
Customers would want e.g. Tesco. To have reasonable prices for their food. This is because this will meet customer’s standards of Tesco and so that they are able to pay for the products/services. This is why Tesco are popular because they provide reasonable prices for their products/services.
Oxfam stakeholders will want customers to come in and shop so that they can get money to provide relief from poverty and also provide blanket, tend , food and clothing
Employees
Employees are the people who work for the business. They provide the skills and work needed for the business and in return get their wages/ salaries for working for the business.
The employees will want to get things like promotions to higher job roles if they do well for the business. This is because employees can sometimes be suited for higher job roles then they’ve already got. The benefits of promotion are usually higher wages.
Oxfam Employees want job security at Oxfam. They want protection from disease from third world countries and also protective equipment also suitable clothing
Suppliers
Suppliers are the businesses that supply a certain business with its raw materials. They supply the materials to the business so that particular business can operate properly. The suppliers usually want regular orders, prices that reflect the quality of products etc.
Tesco want that suppliers provide materials and services which are useful for the business .Tesco wants
Want regular orders placed, prompt payment, prices that reflect the quality of