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There are many stakeholders in J-Sainsbury's. These are the local community; the local communities are the consumers for the supermarket. J-Sainsbury needs a large workforce to work for them, so the local communities provide the labour supply

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Introduction

Stakeholders Stakeholders are individuals and groups of people who have an interest at stake in the business. In the business sometimes their interests are the same. Different businesses have different stakeholders. There are many stakeholders in J-Sainsbury's. These are the local community; the local communities are the consumers for the supermarket. J-Sainsbury needs a large workforce to work for them, so the local communities provide the labour supply for J-Sainsbury's. If J-Sainsbury's was to move to another location or close down, the local community will be directly affected as the unemployment will rise up and trade will also suffer in the community because J-Sainsbury's rely on local trade, this means more of there sales will be made by the local community, and so the local community will go to supermarkets to do there shopping instead of small shops. I say this because the prices of products will be more expensive in small shops compared to J-Sainsbury's. ...read more.

Middle

If J-Sainsbury's were to close down, the suppliers will lose their clients and will also lose profits, consequently may end up bankrupt. The shareholders are probably the most important stakeholders in J-Sainsbury's. Without the shareholders, J-Sainsbury's wouldn't be able to invest in their business and then it won't be able to compete with other supermarkets. The local government is also a stakeholder with a direct influence. They can pass on new laws about how a business runs, and J-Sainsbury's and Errol Anderson Motors will have to adapt to these new laws. They can also pass on new health and safety laws. Competitors are also stakeholder in the running of J-Sainsbury's. If one of J-Sainsbury's competitors opened a new supermarket near J-Sainsbury's, it will attract more customers to the area, but it could also potentially harm J-Sainsbury's business The community is very interested in J-Sainsbury's, because either they do their shopping there or because the local community would want to know if the local roads are going to be congested, which will mean more pollution and noise in the area. ...read more.

Conclusion

Should any of the conditions not be met then the BHB have the power to authorise an immediate closure of all the facilities until the criteria is met. It is therefore vitally important that I.R.M is constantly aware if the latest regulations issued by the BHB. The last two stakeholders, shareholders and management, don't hold such an important key to the success of I.R.M as the others do. The shareholders are important to some extent, as they are the capital behind I.R.M, but could easily want to sell their shares at any time. Fortunately this is not a major issue because someone else will purchase the shares and come into the company. The management is a similar situation as most people work at their best when they feel secure and content with their pay and conditions. Should an employee not be happy with any aspect of their job and feels it is best if they leave the company then a replacement is found and the company will continue towards its objectives with the minimum amount of disruption. ...read more.

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