Business Enviroment Essay - Describe the Stakeholders in Tesco and Lewisham College
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Introduction
UNIT 1: BUSINESS ENVIROMENT p1&p2 ________________ P1 ? a brief introduction of two contrasting businesses Tesco PLC (Public Limited Company) is a British multinational grocery general merchandise retailer. Tesco is the third-largest retailed in the world measured by its revenue. It is also the second largest measured by profits. Tesco has stores in 14 countries across Asia, North America and is the grocery market leader in the United Kingdom. Tesco have many aims and objectives they wish to fulfill, for example to be an outstanding international retailer in stores and online and to be strong in everything they sell because they are in food. Tesco is a Public Limited Company this means that they are able to advertise the sale of shares and sell them to the members of the public through stock exchange and also the company has a legal existence separate from management and its members. Tesco and Lewisham College are completely different because Lewisham College doesn?t offer products it offers services that are entitled to the public. ...read more.
Middle
Customers influence Tesco because they can give them customer feedback which helps them to continuously improve their products and services which will them attract more customers to the business and this will help them gain more profit because the customers are the ones who are buying Tesco?s products. Lewisham College doesn?t have customers so the equivalent would be the students that attend the college. They influence Lewisham College because the students are the ones who will be benefiting from the services that Lewisham College has to offer and also how well the students do in achieving their goals they have set for themselves gives the college feedback which will then influence other people to attend the college. Employees ? Employee?s stake in businesses is that the company provides them with a livelihood and they seek security of employment, promotion opportunities and good rates of reward. Also the employees may want to work for a business that they are proud of. ...read more.
Conclusion
they will have no stock to supply to their customers Suppliers are important to Lewisham College because if the college has to supply students with certain items and the suppliers are not on time it causes conflict with the college and the supplier but it also makes the college look unreliable and gives a bad impression to the students. Government ? the government want businesses to be successful and want people to have jobs and to pay taxes. They also want to see well-off businesses that take a full responsibility in looking after the well-being of society. The government are also one of Tesco?s stakeholders because they are one ones that familiarize new legislation and laws that Tesco and other business must abide by and also tax. The government also influence Lewisham College because they set laws and regulations the college have to follow in order to be able to run and if they don?t follow or abide by those rules they can get closed down or be faced with legal action. ...read more.
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