A stakeholder is “any group or individual that can affect or be affected by an organization’s purpose.” With the idea of the stakeholder’s definition, there are many individuals that become affected by any one organization or business. Such people can be shareholders, financiers, employees, suppliers, customers, the surrounding community, and the government. Each different type of stakeholder has their own interests of which they would like to achieve from an organization. The stakeholder’s interests being focused on is that of an organization named Sears Holdings, specifically Sears, Roebuck, & Co. Sears, Roebuck, & Co also known, as Sears is a chain of department stores located in the United States.…
The Government has a great impact on Tesco. The government show interest in Tesco through taxes. If Tesco prospers as a company and becomes more profitable, then more tax needs to be paid to the government, benefiting the economy. The policies and legislations influence Tesco as it may prevent them from saving costs, but they also benefit from the infrastructure, schemes and low-interest loans that are provided by the government.…
Stakeholders Oxfam’s internal stakeholders; Oxfam’s internal stakeholders include Directors, organisers, employees/staff and trustees these are the internal stakeholder because they work within the organisation and have an interest in its success. As Oxfam is a non-profit organisation its staff still make money out of running it successfully so their interest is to do the best for the organisation so they can maintain their careers and help many people while at it. For example, the directors must make sure everything the organisation do will benefit them in the future, that it will help enough people and that it will not endanger the organisation in anyway. The staff would have to help out with the success of Oxfam as they are the one that…
Stakeholders influence on SWOT elements Internal stakeholders include doctors, subordinate staff, managers, patients, and payers. Additionally, internal stakeholders can affect the operations of the hospitals directly. In contrast, the external stakeholders include government, suppliers, and community. First managers of the company are responsible for outsourcing funds from grants, donors, and the government to support delivery and affordability of its health care services. Furthermore, the managers are responsible for acquiring modern technology that assists doctors to carry their diagnosis and treatment.…
According to the Center for Nonprofits, Nonprofit corporations are set up to help, teach and develop a public or community interest rather than for individual gain or monetary benefit (para. 3). There are six types of nonprofit organizations: public charities, private foundations, civic leagues and social welfare organization, trade and professional association, and social and recreation clubs. Stakeholders in a nonprofit organization consider those people who have an interest in your organization successfully reaching its mission. Nonprofits have both internal and outside stakeholders (para 5). Internal stakeholders are those work to for the organization and are committed to helping an organization reach their goals.…
My ability to develop and support stakeholder relationships was demonstrated in my current role. To manage the budget I organised regular monthly meetings with Directors and I discussed staffing moves and planned leave. I was available to Directors and I explained to them that the implications of staffing moves such as higher duties on the budget. Furthermore, I prepared for Directors budget reports that would enable Directors to carefully manage their budget.…
ASDA: ASDA has across 500 suppliers over England, and it sells throughout 40,000 different products in their stores or supermarkets, which includes: clothing, household stocks and grocery items. ASDA also owns its petrol pumps and coffee café’s. It even provides the online shopping services. Job Roles and Functions: 1. Finance:…
Name of the business: Sainsbury Stakeholder Why are they concerned about the business? Example and how they seek to influence aims. Employees Employees are mainly concerned about the business because it is the source of their financial well - being. Employees are very cautious as to when there are getting paid plus how much there are getting paid. Whether the business owners decide to give fringe benefits or not also are a concern to the employees, because that might be motivating.…
Tesco is an internationally sized company, having multiple stores in Europe, Asia and North America. They have 6,351 stores worldwide and 3,376 in the UK. Tesco’s ownerships is owned by multiple different partners, Tesco is owned by thousands of people because Tesco is a PLC and is owned by shareholders who fund the company. Since they are a PLC this results in them having limited liability, if they go into debt then the owners are not liable for that debt, it is only up to the business. The purpose of Tesco is profit maximisation; their goal is to grow and maintain the number of retail in the UK and to provide goods and services that are cheap and affordable to the general public.…
The below figure illustrate Tesco stores and revenue per…
DISPUTE ARISING BETWEEN THE TWO THEORIES 1. Introduction A company should pursue economic profitability in order to survive. However, today, it has been brought to awareness that a company also has social responsibilities towards a number of people working together to achieve its aim. An analysis of the shareholder and stakeholder theories has led to the conclusion that these two are very much contradictory, resulting in a debate as to which theory will help embrace good corporate governance.…
The responsibilities in Tesco are beyond the shareholders and towards the stakeholders too (Hopkins, 2003). Tesco Plc has certain standards in order to be ethical and maintain it for sustainable management. These are followed by the EU regulations, banking transaction codes, etc. Some of the stakeholders have non-monetary interest. Therefore they are less concerned too.…
Tesco has more online customer than other supermarket in UK. Following are the purposes of Tesco e-business strategy: Value proposition. This element refers to the value the firm offers to a specific target customer segment. ICT have had their most important impact on new ways of creating and delivering value (Benjamin, Wigand, 1995).…
Executive summary With the change in economic environment, technology is also changing. In the recent few years, the number of smart phone users has increased rapidly. The Smartphone has created a different image in the minds of people and became a part of their life. The Smartphone is not only the mode of communication, but also best medium of entertainment. Its different qualities and features have made it popular worldwide.…
The University of Leicester MSc Banking and Finance Risk Management Coursework (word count:) Group Member: 1. Summary Tesco was established in 1919 and now it has become the biggest retailer in Britain, ranking as one of the top three global retail enterprises. Tesco also develops its business in 13 countries worldwide, has more than 500,000 employees, and provides services for more than 5,000 customers every week. Its business covers retail, finance, gas station, telecommunications, medicine and other fields. In addition, Tesco also actively expands the online retail business popular among customers.…