people in business

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Unit 2 People in Business

Name: - Hassan Hassan

Year: - 11

Subject: - Business Studies

Teacher: - Miss Johnston

Introduction

In this assignment I will be investigating Sainsbury. I have chosen this company because I could get lots of information very easily. It is also very easy for me to go to a Sainsbury’s because it’s near my house. I will look at many stakeholders at Sainsbury’s and look at their influence, expectation and conflicts.

Task 1

A stakeholder is any individual or organization who has interest in a business. All stakeholders in a business are either internal stakeholders or external stakeholders, depending on whether or not they work in the business e.g. a customer is an external stakeholders because they do not work in the business and a manager would be internal stakeholder because they work within the business. You may be a stakeholder in many organizations because there are many organizations which have an impact on your life. All stakeholders have an influence over businesses, but this influence will vary depending on the type of stakeholder they are and the type of business.

The stakeholders at Sainsbury’s

The stakeholders at Sainsbury are people or groups who have an interest in the business. Stakeholders could be internal or external.

  • Owners
  • Employees
  • Customers
  • Financiers
  • Government
  • Suppliers

Stakeholder expectations of Sainsbury’s

Owners – expect Sainsbury’s to be successful because they have invested money into the business and if the business is successful they will make money; if the business is not successful they will lose money. The owner would expect the business to survival and would expect Sainsbury’s to expand.  

Employees- expect a lot of things from Sainsbury’s such as, fair pay, good working conditions and most importantly job security and promotions. Employees at Sainsbury’s can also influence the business by refusing to do their job at all i.e. by going on a strike.

Customers – customers are one of the most important stakeholders at Sainsbury’s. Customers at Sainsbury’s would a range of goods and services offered they also expect affordable and quality products. Another thing they expect is how long Sainsbury’s stays open e.g. 24 hours. They also want a helpful staff. They would want to feel safe whilst in Sainsbury’s premises.

Financiers – they lend money to Sainsbury and expect receive repayments on time. They also invest in Sainsbury’s and they want the company to succeed so they make profits from their investment. Financiers can also influence Sainsbury’s through how much money they lend, or invest in Sainsbury. With more capital, Sainsbury’s is able to grow

Government – the government is a type of stakeholder in every business because they receive tax from the company. The government is also interested in Sainsbury’s doing well because Sainsbury provides people with employment, and they pay tax to the government. They also expect Sainsbury’s to do well because the more profits Sainsbury makes they more money they receive. They expect Sainsbury’s to follow legislation. Government is important when dealing with the environment or legislation.

Suppliers – expect Sainsbury’s to be successful because they rely on Sainsbury’s making profits so that they continue to place orders. They can also influence Sainsbury’s by the quality and price of what they supply, as well as the speed at which they supply it.

Stakeholder Influences at Sainsbury’s.

Government - Government has influence when dealing with the environment or legislation. The government’s influences a business by collecting t taxes from the business and provide them with transport system and more for exchange. The government’s laws affects the way the business can operate.

 Local communities influence – the influence by providing staff for the company they expect the business to provide jobs for the local community    if the business does anything that is harmful to the environment such as pollution the local community would not be happy and may not shop at the company which would have a bad affect on the company.

Employees influence - the employees are responsible for the output of the business so they can have an influence on the success of the business. They could also influence Sainsbury’s if the go on a strike for not being paid enough money or being treated badly. All employees that are well paid and rewarded for hard work will try their best to produce good quality product for Sainsbury’s.

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Customers - the customers have a big influence at any business because if they do not buy products then Sainsbury’s would not make any profits and would not be able to expand.

Environment - the environment has a big influence to Sainsbury’s because they have to make sure

Conflict of Stakeholders

Employees – employees might have problems working with another employee, this would have a negative effect on Sainsbury’s and it would be putting the business down. Sainsbury’s could solve this sort of conflict by holding a meeting involving the employees who have a conflict. ...

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