Public and Private Sectors

Authors Avatar

Shamini Rajan 10M

The Public and Private Sectors + Stakeholders

We were told to visit the websites of up to 3 UK PLC's. I decided to work on Tesco's, Barclays and Marks & Spencer.

        

1. Tesco's website solely focuses on the interests of its shareholders. However, Tesco's is a worldwide known store and should be expected to focus on the interests of its customers as well. "Our core values", "no-one tries harder for customers" and "treat people how we like to be treated", these characterise Tesco's approach to Corporate Responsibility. The company contributes to the environment quite a lot and does aim to help its customers the most it can. Tesco's use recyclable bags, attempt to reduce their emissions and do much a lot to put in as much effort possible into the Greener Living. Tesco's also participates in funding for major charities and fund raising. Corporate Responsibility is not specified on Tesco's website however without displaying this on their website; people would assume that their aim was to make a profit using shareholders' money and provide better and more efficient products to its customers. I think this website is trying to communicate with its owners and shareholders, customers, local community and authority. I think Tesco's do this because if they are able to advertise and promote their company online, it would appeal to these stakeholder groups and could make them understand what Tesco's is offering to them at open interest.

   

   

Barclay's website solely focuses on the interests of its shareholders and it draws attention to its contribution to society at large by displaying its latest contributions towards the environment and its help for charities. On the website, they consistently update any recent data. Barclays makes an impact on the environment both directly through its operations, and indirectly through their supply chain and lending. "I want us to be leaders not followers, in corporate responsibility", this characterises Barclay's approach to Corporate Responsibility. Barclays helps people access financial services and they have policies to support responsible banking. Diversity is a key part of their business approach and these appeal to the customers. To interest shareholders, on their site, they have explained that they are leading a community investment programme on which added up to £46.5 million in 2006. I think this website is trying to communicate with its customers, owners and shareholders, managers, employees and banks and other local businesses. I think Barclays specifically aim at these groups of stakeholders because it is a worldwide known bank and has many customers so this website would aid in advertising and promoting itself.

Join now!

         

Marks and Spencer's website solely focuses on the interests of its shareholders and it draws attention to its contribution to society at large by explaining the recent news and funding it is involved in. On the website, they do not advertise or concentrate on the customer stakeholder section as much as Tesco's and Barclays have. On the Marks & Spencer's site, they display a few offers around the site and show some of the departments of the store. On this website, it seems that they do not have ...

This is a preview of the whole essay