Part of The Student Room Group

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

Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. IKEA and a hospital.

Extracts from this document...

Introduction

Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. Stakeholders: The stakeholders in business are customers, employees, government, owner's shareholders and suppliers. The stakeholder can be a person, group or organisation that has an influence in an organisation. All stakeholders are not the same they all have their differences. IKEA: Owners: The owners of a business are the individuals who have invested the finance required to set it up, keep it running and allow it to grow. The owner has a great influence on the amount of revenue/profit an organisation as this is the main source of an organisations income and the owner has a great deal of influence over the business, its strategies and performance. For IKEA it is very important that the owner keeps the costs down and increase the profits made because they may not risk making nothing and even losing their money if the business does badly. The aim and objectives that the owner has influence on the over the amount of revenue/profit made by the business and their performance of their business. IKEA has an aim of becoming profitable business and to provide the best service. ...read more.

Middle

If IKEA does not satisfy this group then the business will suffer. Suppliers: Suppliers are the people that provide the materials and services required by a firm's operations. The supplier has a great influence business behaviour in certain ways. For example, the producer of a leading brand may threaten to withdraw supplies unless a retailer gives its products prominent shelf space or agrees not to stock rival brands. Smaller suppliers are unlikely to have the same degree of influence over their customers, particularly if they are competing for orders with a large number of rivals. For IKEA it is very important that suppliers provide home furniture such as chairs, tables, beds and other equipments otherwise they can't sell any furniture and they can't grow their business. The aim and objectives that the supplier has influence on regular orders prompt payment and prices that reflect the quality of the goods or services they provide. IKEA needs to pick the right suppliers who provide the right furniture because the customers won't be happy about the furniture IKEA provide. Walsgrave Hospital: Employees: The employee has a great influence on the concerns for clinical quality and superior services and facilities are manifested. ...read more.

Conclusion

They will do this by targeting the NHS to make sure they know about their product range and special deals that they may have. They also set the terms and conditions of supply. The NHS will have to maintain this relationship to ensure it gets the best deal possible. Government: The government is there to produce the goods and services that add to the nation's wealth. They create jobs, giving their employee incomes and pay taxes providing revenue to fund public services. The government has a great influence on business activity. It passes legislation that can directly affect the types of goods and services produced, the ways in which they are produced and the methods used to sell them to the public. For Walsgrave Hospital it is very important that the government provide funds otherwise they can't improve the hospital. The aim and objectives that the government has influence that wants businesses to become successful. Walsgrave hospital is funded by taxes. They want to see good businesses that take a full responsibility on looking after the welfare of society and their purpose is to provide service to the community which are their customers. The local community: Generally want to get jobs to ensure they go to local people. They want NHS to contribute to the community well being and health care availability. ?? ?? ?? ?? ...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

or


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)

    mangers influence and commitment that the company's activity can flow sufficiently and successfully. There effort on the company is to make the company and its various departments to work well together and pull in success for example within departments they make sure that there staff are performing well, they assign

  2. Marked by a teacher

    I am going to write about the different stakeholders who influence the purpose of ...

    4 star(s)

    Shareholders want to see increased sales and profits within the business in return for the shares that they have brought, this is because they will then recieve a dividend each year. If shareholders become dis-satisfied with Cadbury then they could sell their shares and put them back on to the

  1. Describe the different stakeholders who influence the purpose of two contrasting organisations.

    * Suppliers Interests: For the organisation to sell as many vehicles as they can. Sell parts to the organisation and for the organisation to expand. Influence: Price because if the supplier sells it at an expensive rate then the company/organisation will also have to increase the value of their product/goods,

  2. This is a detailed business report on Sainbsurys.

    Every worker must look at their job description and make sure that they are working accordingly. However problems will always arise in any culture Influences on organised culture: * the business environment, including the level of competition, change and the culture of competitors * the values and beliefs of people,

  1. Stakeholders influence

    * Good customer service, people that go to the leisure centre are expecting a friendly staff that can help in their queries. * Hygiene, customers are expecting a clean and hygienic place to practise their activities. * A good variety of activities, they are waiting for a wide range of

  2. Aims and objectives of Waitrose

    So it appears there is equilibrium between Waitrose and the local community, Waitrose gives to the community and the community gives back. Increase levels of customer service: Waitrose would want to achieve this aim because they would want the improve ability to supply Waitrose customers with their wants and needs,

  1. Comparison of stakeholders interest and influence. Apple vs. Mercedes Benz

    by having regular meetings with the managers and co-workers or through annual reports. However in a larger business they might not be able to have regular meeting as there will be a lot people and different departments, so therefore they will be able to put the messages on the business website or on notice boards for everyone to see.

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

    With high levels of economic activity Tesco?s would have a lot of their customers spending and purchasing Tesco?s products and services, this would lead to a lot of sales and more profit for Tesco?s ? this ensures that Tesco?s meets their aim ?to remain a growth company? , Tesco?s is

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