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

Discuss the impact of stakeholders onTesco PLC and Process Instruments (UK) Ltd.

Extracts from this document...


´╗┐Impact of stakeholders on the purpose of 2 contrasting organisations Stakeholders are very influential people who range from individuals, organisations and they are people who have an interest in the decisions that businesses make. Stakeholders can be either external stakeholders or internal. The external stakeholders are groups who are outside the business and internal stakeholders are groups within the business who work in conjunction with the business. The stakeholders can affect the purpose of an organisation and I have chosen two businesses to study how the stakeholders can influence them. The businesses I have chosen are; Tesco PLC and Process Instruments (UK) Ltd. The purpose of Tesco is to maximise profit, expand to become a bigger company, provide a retail service and sell goods to the customer therefore they operate in the tertiary sector. Tesco do however; offer other services such as banking and pet insurance as well. The purpose of Process Instruments is to manufacture process instrumentation locally through research and development which will help the local economy. Although they sell their items, their main aim is to manufacture products so they are in the secondary sector. Customers Customers are external stakeholders and they want the company to produce products of great quality at a great price for them and they love to see improvements that give them better value for money and this creates customer loyalty towards a business and this can be done by stocking the correct items since customers tend to identify certain brands and stick to them because they are tried and tested. ...read more.


Trade unions represent the interests of groups of employees and they strive to secure higher wages and better working conditions for their members. Employer associations are the employer's equivalent to trade unions and they represent the interest of employers in specific industries. Tesco are able to keep the trade unions happy by providing competitive salaries for their workforce and making the work environment enjoyable and pleasant. The working hours for employees are comfortable and the employer has a legal responsibility towards their employees so they follow the employee rights. Employer associations are made up of businesses and employers who all pay annual fees for their benefits. They negotiate with trade unions on behalf of their members and give give advice on employment laws, health and safety, taxation laws etc. Trade unions and employers associations have no influence on Process Instruments because the employees choose not to have them however the choice is still available. This is because it is a small business with only 19 staff members and the atmosphere is friendly because they all know each other and it feels like a closely knit family. Local and national communities Also external stakeholders .The actions of a business can have a drastic effect on communities which can be positive or negative such as creating jobs in a town where the unemployment rate is high or they could upset the community e.g creating noise pollution by having lots of deliveries early in the morning and disrupting the locals if the business is close to a residential area. ...read more.


pollution arriving therefore they appealed against Process Instruments' application of change of purpose and wanted to restrict the proposed trading hours of Process Instruments. For Employees supported the move because it meant they could have more space to work to work. It could make their job easier and could help them create the products faster and better. Also, it would allow all staff and shareholders to meet in one boardroom. They would also have better facilities Government They would like to see Process Instruments move as it could benefit the company and since it could benefit the company as they are privately owned- they could pay more tax since they could export more goods and the government offers grants to companies to Process Instruments as they focus on Research and Development which is a key aim of Process Instruments Burnley Council wanted Process Instruments to move because it would create jobs in the area and boost the local economy and improve the area with the money coming in. The council helped Pi with the planning permission. Against- Local community The local community didn?t want the company to move because it could cause noise pollution whilst deliveries were coming in because the premises was located in a residential area Shareholders- Although the move is in the best interests of the company, it would have a negative personal effect on Mike Riding as Process Instruments have abandoned the old building as they have not found anyone to take over so he still has to pay for it. ...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 Structures, Objectives & External Influences 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 Structures, Objectives & External Influences essays

  1. Marked by a teacher

    Sainsbury's Stakeholders and their Job Roles

    4 star(s)

    The business must try to keep the customer loyal so that they return in the future and become a repeat purchaser. Customers are very important stakeholders to Sainsbury and are vital. Without their interest in Sainsbury products and services, Sainsbury would not now be one of the Britain's largest supermarket retailers.

  2. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    VAT (value added tax) this is tax added on the cost of a lot of products and it means that businesses have to charge more for products to cover the cost of VAT. Customs Duty - a tax on imports and exports of goods and services.

  1. Interpreting Financial Accounting Information Coursework Investment Appraisal of T & S ...

    Graph 8: Earnings per Share T & S has a low earnings per share because it has a high number of ordinary shares issued at 5p each, compared to Greggs which has ordinary shares issued at 20p each. Although Greggs did not use loans to finance it business, it has made the most out of employing equity capital.

  2. Linear Programming

    The changes in the right hand side value in other constraints will not affect the profit as the changes do not enlarge the feasible solution region, which means they are zero dual constraints. So we use these two constraints to calculate the shadow price.

  1. Explain the purpose of keeping accurate financial records.

    * The system of computerised accounts is much more accurate without mistakes, and leads to accurate information presented to stakeholders. * Unlike the manual system, it may be inevitable that mistakes may be spotted. However, in this case of computer accounting, mistakes are clearly shown by the computer and it can be dealt with.

  2. Aims,ownership and stakeholders of Tesco and UNICEF

    UNICEF is one of the United Nations Development Group and its Executive Committee. UNICEF became a permanent part of the United Nations System and its name was shortened from the original which was ?UNITED NATIONNS INTERNATIONAL CHILDREN?S EMERGENCY FUND? to ?UNITED NATIONS CHILDRENS FUND? The overall management and administration of the organisation takes place at its headquarters in New York.

  1. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    Since January 2008, Tesco?s has more than 500+ carbon labelled products to help customers to be aware of what they are buying and if they should use a different product as opposed to the carbon product. Win locally by applying our skills globally ________________ Their fourth aim ?win locally by

  2. Legal influences and their impact on Sainsburys Plc

    This would probably be included in the training sessions. It is important that the staff are aware of this, as teenagers could get away with forging signatures, or using fake cards for example. The financial impact on Sainsbury's is not substantial.

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