• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20
  21. 21
    21
  22. 22
    22

Shareholders - Tesco

Extracts from this document...

Introduction

Stakeholders are a particular group of people with an interest in the business. These interests are all different and each individual group has a different concern. There are a lot of different stakeholders. Tesco's different stakeholders are: 1. Employees 2. Customers 3. Pressure Groups 4. Local Community 5. Government 6. Suppliers 7. Financiers 8. Shareholders Customers A customer wants to buy good quality goods and want to get them cheap. They want a variety of products to choose from and expect them to come from a clean, friendly environment. The customers want all these things and if Tesco provides them then they will gain more customers from word of mouth. They also need their customers as they are the source of income as they buy products and act as a pressure group to the business. They act as a pressure group because they put an awful amount of pressure on Tesco to meet their needs. These can be such things as improving their store and even expending it. Tesco receive comments from the customers which make them improve their business and making themselves more competitive. The customers influence Tesco by these comments and Tesco are encouraged to improve their store for the sake of their customers. Tesco has responded to their customers influence by making changes to their store to suit the customer's needs. The customer's comments make the most impact because they are telling Tesco exactly what they think of the store and what changes are needed to be made to improve it further. The customers are very powerful as they can create these changes, by writing comments and posting them in the comment box which Tesco empties regularly to try and impress their customers more and more every day, these comments can be such things as 'the toilets are not clean enough' or that 'there is no staff to ask for help from'. ...read more.

Middle

Local Community The local community is a big influence on Tesco as their house prices are affected by Tesco. Their house prices could go up or down depending on the sort of expansion they are producing. It can adversely effect the area. Tesco's neon sighs are very bright and the traffic that builds up outside the shop creates noise and pollution. Since Tesco has had a twenty-four hour opening the safety of the neighbourhood is more at risk with it staying open so late because more and more people are going into the store and causing bother as they may be intoxicated or youngsters may just be going out of their way to cause hassle. If trolleys are taken off the site and left lying around nearby houses it creates an awful lot of litter and makes the place look untidy. If the local community is unhappy with Tesco they will protest. This creates a lot of bad publicity for the shop and Tesco does not want that so they try their best to keep the local community happy. Some things have been done because if the local community protesting or simply being unhappy with some efforts that have but been made by Tesco. These things involve trolleys being left around and near the site of Tesco. The local community does not want trolleys making their neighbourhood look untidy. As a result of this Tesco are putting forward more funds to retrieve their trolleys and employing new staff to collect trolleys for the local community's convenience. The large sign at the front of Tesco has been covered up/hidden by trees and bushes as a result of one of the complaints that may have been made by the local community. Another thing which has caused upset within the local community was the large neon sign that was going to be placed up for Tesco as Tesco needs to advertise. ...read more.

Conclusion

If the management purchase them and then the customers decide they do not want that particular product anymore then the management will have wasted some of their money on goods that will have to be reduced to even have a chance of being sold. The customers want good quality, value for money products which will be there, and there are enough of them, for all the customers that want them. They do not want the products to run out over time, they want them there when and where the customers need them. The customers need a range of products to choose from also so that they are not reduced to only choosing from one particular make. This conflict has been resolved by just-in-time stock ordering. This means that the management can have the products on the shelves ready for the customers for when and where they need them. They also don't have to worry about ordering too many products and having to reduce the price of them to sell them. If the management has some idea of how many of a certain product that the customer wants then they will get the right amount and keep their profits up and their customers happy. Financiers and Shareholders The conflict between these two stakeholders is the fact that they both want provision of finance at a cost that both of them will be able to afford. The shareholders want to be able to borrow money from the financers at a reasonable interest rate which they will be able to pay back. The shareholders want this money so that they can expand their current business and improve it for their customers, local community and pressure groups. They want a good background with the financiers as well so that they will get this good interest rate. If they do not have a good background with the financers then they might not get a good interest rate or they could even get refused for a loan because they don't pay their money back in time. ?? ?? ?? ?? Gemma Thompson 10S 10/05/2007 Mrs Temple-Jones GCSE Business ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

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 GCSE People in Business essays

  1. Marked by a teacher

    Stakeholders At Tesco

    4 star(s)

    The decisions of the manager has a great affection on Tesco, it can either result good or bad. Some decisions managers have to take in are: o Hiring new Staff o Firing Staff o Plans for the future o Ensure everything runs well Anything a manager decides on affects the

  2. Functional Areas of Tesco

    the Inland Revenue needs to calculate how much tax they are to pay. Expenses should be accurately produced because this can reduce the amount of tax they are to pay. Also Tesco are registered for value added tax (VAT) also has to submit vat returns time.

  1. Free essay

    Aims and Objectives of Tesco and McDonalds

    Tesco aims and objectives. Tesco aim to become/stay there leading retail supermarket and provide good quality services and products at a low cost so that they are cheaper than their competitors. By looking at Tesco's mission statement I will be able to account for most of Tesco's aims and objectives that have been made public.

  2. There 15 things what Tesco does to provide a good customer service to customers. ...

    Tesco also have an internal caf�. This means that the customers or staffs who work at Tesco's can go to the caf� and buy things like coffee or tea, etc. This is a good customer service because this means that customers have somewhere to go to and relax and catch

  1. How Tesco protects its customers!

    I think that Tesco do this very responsibly because they have a big description on all services; each service has its own leaflet. On the Tesco website Tesco provide a lot of information about each service. Below I am going to show one example of how Tesco provide information about service on their website.

  2. Ownership and location of Tesco and McDonalds

    * Less flexible in structure. * More formalities when dealing with decision making. * Larger overhead costs of running the company. Franchise - this is a large company who you pay to use the name of. Advantages: For the franchisee * You will own a business that is already running which means it is nearly a guaranteed success.

  1. Methods used by Tesco to monitor if good customer service is taking place.

    E5 report Customer services report tesco's supermarket plc To: Graham Murray (Store Manager) From: Tayo Oyelaran Date: 25/02/2006 Suggestions on how Tesco's Roneo corner might improve its customer services Having investigated your company I am suggesting ideas that needs improving on customer service and I am going to doing an evaluation too.

  2. This is a report on Marks and Spencer a well known retail company in ...

    by reviewing the effectiveness of notice boards, or through introducing a company newsletter � Reviewing levels and methods of payment, possibly offering incentive payments or additional fringe benefits, and comparing financial rewards with those of similar organisations � Introducing greater employee involvement, e.g.

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