The customers can also affect the running of the business, because the customers have to be satisfied with the services that J-Sainsbury's provide, e.g. car parks, wide range of foods, quality of food and restaurants. If they are not happy they will shop elsewhere.
The employees are also stakeholders in the business. If they are doing their job correctly, the customers will be satisfied with J-Sainsbury's customer service. If they are not happy this will affect their work and the service the customers’ service. The employees would work at a poor standard, and if employees are very unhappy with their job they would also starts fight in the fight place, and not work as a team, which is very bad for a big company like J-Sainsbury's because this could give a bad image to the whole organisation.
Also employees who are not happy with the job can do strikes and take industrial action, which is time wasting and can damage J-Sainsbury's status.
If J-Sainsbury's were to shut down, all those employees will suffer by losing their jobs and they all will be unemployed.
The suppliers are major stakeholders in the running of J-Sainsbury's. The suppliers are also major stakeholders in the running of J-Sainsbury's. The suppliers supply the goods for J-Sainsbury's to sell to their customers. 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. The pollution and noise is mainly going to come from cars. The car fumes will pollute the air, which the community may be breathing this in. So the community is one of the most important stakeholders.
On Contrast to I.R.M which has a number of stakeholders associated to the company, all of whom are interest in the performance and overall running of the organisation. I feel that the five most important stakeholders associated with I.R.M are:
1. The customers, i.e. Doncaster, Catterick and Redcar Racecourses.
2. The general public.
3. The British Horseracing Board (BHB)
4. Shareholders.
5. The management.
6. Employees
7. Local community
The customers are by far the most important stakeholder connected to the company. Each racecourse plays a vital part in the running of I.R.M. Apart from the fact that they supply the business, without which I.R.M wouldn’t exist; they provide many other contributing factors. For example, the venue, budget, racing fixtures and so on.
The general public are the second most influential factor associated to the company. I.R.M needs to market and advertise their product - horse racing - in such a way that it appeals to the public. There is no point in having the track, fixtures and horses if no one comes to the course, resulting in little or no turnover. It could then be considered that I.R.M is not undertaking their responsibilities - successful management of racecourses.
The BHB are the governing body of horseracing in the U.K. As far as racecourses are concerned the BHB have rigorous constraints that every course must adhere to in order to attain a racing licence. 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.
