Introduction
In this task I will be talking about stakeholders. I will discuss how the different stakeholder will influence a business and why they’re interested in the businesses finances & any other operations.
Stakeholders can be anyone that has an interest in a business. They are individuals, groups or organisations that are affected by the activity of a business. There are many different Stakeholders in a business. They can either be internal or external to the business.
External Stakeholders
Government
As the economic policies will effect a company’s costs through taxation and interest rates, the government will be interested in whether a firm is able to pay the fees on time or not. The successful businesses are good for the government …show more content…
This will make them responsible if there is any problems in the business as the owner would go to them. Therefore as they are under a lot of pressure it’s in their best interests that the employees under them in the hierarchy are doing their job right.
Owners
The owners of a business will be interested in the financial information as it’s important that they’re informed whether the company is performing good or bad. If the business is performing badly then the owner can speak to the managers about how they’d prefer the business to be run and make any necessary changes.
Tesco is one of the largest chains in the United Kingdom when it comes to Supermarkets. A Stakeholder is anyone who shows an interest in the business. Tesco is a PLC, which means that ownership of the company is divided up with all the shareholders and decisions are made by the board of directors.
Customers
For customers, the influence towards a business like Tesco is less direct than an owner for example. As they will impact the company based on how much they spend their along with any other kinds of interactions like leaving feedback. If Tesco is performing well this is likely to attract more
In this task I will be talking about stakeholders. I will discuss how the different stakeholder will influence a business and why they’re interested in the businesses finances & any other operations.
Stakeholders can be anyone that has an interest in a business. They are individuals, groups or organisations that are affected by the activity of a business. There are many different Stakeholders in a business. They can either be internal or external to the business.
External Stakeholders
Government
As the economic policies will effect a company’s costs through taxation and interest rates, the government will be interested in whether a firm is able to pay the fees on time or not. The successful businesses are good for the government …show more content…
This will make them responsible if there is any problems in the business as the owner would go to them. Therefore as they are under a lot of pressure it’s in their best interests that the employees under them in the hierarchy are doing their job right.
Owners
The owners of a business will be interested in the financial information as it’s important that they’re informed whether the company is performing good or bad. If the business is performing badly then the owner can speak to the managers about how they’d prefer the business to be run and make any necessary changes.
Tesco is one of the largest chains in the United Kingdom when it comes to Supermarkets. A Stakeholder is anyone who shows an interest in the business. Tesco is a PLC, which means that ownership of the company is divided up with all the shareholders and decisions are made by the board of directors.
Customers
For customers, the influence towards a business like Tesco is less direct than an owner for example. As they will impact the company based on how much they spend their along with any other kinds of interactions like leaving feedback. If Tesco is performing well this is likely to attract more