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Tesco Stakeholders
- Essay length: 1420 words
- Submitted: 24/01/2008
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Marked by teacher:
David Salter
Teacher essay summary
**** This is good as far as it goes but it does not discuss the interests of all of the stakeholder groups as it says it sets out to do. I would also like to see more discussion of the conflicts between stakeholders (this is likely to lead to more evaluation marks). For instance, employees want high wages but shareholders want high profits which means they want reduced costs. Successful companies like Tesco are successful because they balance all the conflicting demands of their shareholders
Marked by teacher David Salter 01/12/2012
The first 200 words of this essay...
What are Stakeholders?
Stake holders are a certain group of people that have an interest in a business. Each group have their own interests in the business. Tesco has many stakeholders. They are as follows:
* Shareholders
* Customers
* Employees
* Government
* Local Community
* Suppliers
* Financers
* Pressure Groups
Now I will explain what interests each group has:
Customers.
Generally a customer wants quality goods at a low cost. They would also want a variety of products to choose from.
All customers want these things and by Tesco providing them Tesco will attract more customers because of people talking about it (Word-Of-Mouth). Tesco like most business' need their customers because they are the business' income as the customers are the people who buy Tesco's products. The customers are a bit like a pressure group because they apply pressure to Tesco to meet their needs. Meeting the customer's needs can be things such as expanding their stores or giving more variety on certain products. Tesco have feedback forms in their stores which allow customers to communicate with Tesco and tell how
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MbT essay summary
**** This is good as far as it goes but it does not discuss the interests of all of the stakeholder groups as it says it sets out to do. I would also like to see more discussion of the conflicts between stakeholders (this is likely to lead to more evaluation marks). For instance, employees want high wages but shareholders want high profits which means they want reduced costs. Successful companies like Tesco are successful because they balance all the conflicting demands of their shareholders
