• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Describe the different stakeholders who influence the purpose of Tescos

Extracts from this document...


´╗┐Unit 1 Iona Rifai P2 ? Describe the different stakeholders who influence the purpose of two contrasting businesses Stakeholders are anyone that is affected by a business or has an interest in it. Stakeholders are affected by certain decisions made by companies, whether it is positively or negatively. They can influence a company and the decisions that they make. Customers want good quality products and services for affordable prices. They like to see improvements constantly being made so that they feel they are getting value for money. Quite often, people associate themselves with certain brands they buy. Organisations and businesses are dependent upon their customers. If they don?t develop customer loyalty, they could begin to lose their customers. Customers like to identify with the brands they buy. Tesco?s customers have a huge influence over the business. They use their customer?s insight to make any appropriate and needed changes to their business. Customers can give their ideas, views and comments in order to let Tesco know how they?re doing as a company and what improvements they feel need to be made etc. Tesco don?t offer the right services, products and promotions, then their customers will end up shopping in alternative stores. Shareholders are often the most important type of stakeholders. ...read more.


Pressure groups have an influence over Tesco because if the business faces an investor revolt, then it is very concerning as it will not only make the business look bad, but it can also put the company at risk of being shut down. Pressure groups also have the ability to make people consider shopping at another chain of supermarkets, which means that Tesco could lose many of its customers. Employees are another type of stakeholders that have an influence over businesses. They work for businesses and gain a wages and salaries. This means they have a higher sense of security for themselves and any family as they have a job. They aim to move up in businesses they work for, in order to earn a higher wage. They take pride in their work and businesses need them to get work done. They seek security of employment, promotion opportunities and good rewards for the work that they do. Employees often like to work for a company that they believe in and are proud of. Employees are internal stakeholders, and have a big influence over Tesco, as they are the people who help the services and products to get sold. If employees refused to work, or went on strike for example, the business would be at high risk as there wouldn?t be people to sort out deliveries, serve customers and do any required things that are in their job description. ...read more.


The government?s main interests are to do with making sure the store is operating legally, tax receipts and jobs. The government create the rules and frameworks that businesses have to work within. Now and again, they change the rules resulting in businesses having to change the way in which they operate. Their different policies can affect businesses in different ways.for them, the want to see a business becoming very successful and taking full responsibility for their actions and looking after the welfare of society. The government can influence Tesco in different ways, such as giving them planning permission and sorting out taxes etc. For example, if Tesco want to open up new stores, they have to contact the government to gain planning permission to do so. Taxation policy that is in place by the government affects business costs. An example of this is a rise in corporation tax which is based on business profits, has the same effect as it would if there was an increase in costs. Another government policy that can affect Tesco is interest rates. If the government decides to raise interest rates, the cost of the business borrowing money will rise and can cause consumers to spend less, which would influence Tesco do to a fall in sales. They have to abide by any changes that the government makes in regards to general rules, which could influence the way the run their business. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. Marked by a teacher

    Aims of tesco

    5 star(s)

    Tesco also believes this can make the job more enriching and encourages staff to give their best. To date currently over 165,000 staffs have a stake in the future of Tesco through shares and incentive schemes. Tesco is committed to providing a safe and healthy environment for their staff.

  2. Marked by a teacher

    Business information and communication at Tescos.

    3 star(s)

    consistent, meet legal requirements, take full account of their impact and contribute to productive working relationships. Policies help make sure that staff at Tesco have guidance to help them comply with legislation - for example, an organisational policy on the storage and usage of customer data should work within the requirements of the Data Protection Act.

  1. Marked by a teacher

    Ownership, stakeholders and organisation in Tescos and Oxfam.

    3 star(s)

    * Wages rises might be at the expense of the dividend in such that an increase in the wage of employees might be at a loss to the company and customers because there will be less profit and increase in the price of goods.

  2. Identify and describe a selected case significant stakeholder influence over a business. (P2)

    They voiced many opinions towards the plan A and they asked marks and Spencer to carry out some tasks. These include collaborating with the pressure groups and their customers, regularly review their Plan A commitments to the near future and to support legislation on minimum standards.

  1. (P4) Describe the Functional Activities and the Independencies of Tesco Plc and Coleraine Borough ...

    This sales revenue can be determined by a range of factors such as; the size of the department. The main priority of this function department is to create orders for goods/services. The main operations in which this function are liable to perform include; * Generate Sales * Providing customers with

  2. For this coursework I will produce a portfolio of work investigating the factors that ...

    This is another way Tesco have achieve a larger market as they have been extremely innovative and introduced a new range which customers will purchase from especially as the obesity rate in the U.K is increasing. They have also made major improvements to their health website by introducing new regimes

  1. Unit 1 P6 Describe how political, legal and social factors are impacting upon the ...

    where it has a layout of all the information where they are placed on percentages such as 50 percentage of people in Bradford are from non-British backgrounds.

  2. Unit 1 P5 Describe the influence of two contrasting economic environment on business activities ...

    The factors such as the GDP (gross domestic products) growth is shown on a trade cycle graph which shows the supplies in businesses. Level of inflation is the measurement of prices in businesses which can influence the GPD for example high level of inflation can produce more goods, businesses can

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work