Part 2
There are a lot of different stakeholders for the New look. The most important stakeholders are the employees and the customers. The New look wants to sell fashion that’s trendy and just got off the catwalk. They have to look at what their customers want. The most people who shop there are people from middle and higher class. They have enough money and are prepared to pay a little bit more for more quality. The female shoppers likes new, trendy clothes all the time. The male shoppers likes to afford buying a lot of clothes. They don’t want to spend too much money and still want to buy a couple fashion. The company must pay attention to that.
The employees are also stakeholders, without them there won’t be a New Look. There are different types of employees. The New Look has a international group of people which has to ensure that all the New Looks are connected to each other. There is also a international group who researches which country is the best to open a new store. The international groups want to make the New Look worldwide. They have to keep an eye on what the customers buy the most. They have to do enough research for their fashion. They have to investigate what the new trends are and what their customers are looking for. Last but not least you have the employees who work for the retailer New Look. They are very important, because that’s finally how the costumers see the fashion in the store. After all the New Look represents fashionable clothes, that’s their corporate image.
The New Look has its own distribution centre. So the responsibilities to sort the product well is in their own hands, but the suppliers need to deliver it on time and on the right place. Otherwise the retailers won’t get their products. The suppliers are like wholesalers, they make their products for retailers so that the businesses can sell it to their customers. Suppliers also influence what New Look offers, because they offer New Look their products. The price of the products of suppliers are very cheap sold to the New Look, but they want to make profit so they sell it more expensive to the customers. Suppliers find it very important that the businesses they deliver products to appreciate them. The owner is very important for the New Look. Without an owner a company can’t continue. There is a trade union for the employees, so this also has an influence on the New Look, because of that, the employees has a couple of rights. Like how many they can work and that it’s sure that they get paid. The New Look need to adjust its market. Employer associations are stakeholders for the New Look, because if the employers have problems they will get support of the association they’re part of. The local and national communities are important, because they decide what they wear. The latest trends are nationally, but the people decide local what they want to wear. If something is a trend and not a lot of people near you wear the trend, it’s not really important. If everyone you see around you wears it, you will wear it too. The government is also a important stakeholder. If the government don’t want a company to be in the country. It will be shut down. A company always have to listen to what the government want.
Save the Children Alliance
Part 1
I have chosen for the foundation, International Save the Children Alliance. It’s an international business in the voluntary sector. This consists of Save the Children foundations around the world who work together. They are not running for profit, but are voluntary. The Save the Children alliance is in the tertiary sector. They deliver a service to children in need. The Save the Children foundation aims for a long term change. The founder Eglantynne Jebb fought for the rights of children. She established the fund and slowly it became an international foundation.
Almost all the programs of Save the Children are about education, because without any education children won’t get anywhere. Those countries are in a visual circle, without any help they can’t get out. The ownership are charitable trusts. There are features for charities. Charities are organizations that get money or goods for minorities. Every country is supported by it own Save the Children. All these people have to work together. They are trying to expend their liability, because they want to help the children all over the world. The limitations are that, there are not that much people that are working for charities. There are more people who can donate only they don’t feel attractive to it. So if they can persuade more people there are less limitations.
Part 2
There are also a lot of stake holders for the International Save the Children Alliance. The donors are the people who support and help the foundation to save the children. This could be the individuals who donates money, but also the companies who support them. They have partnerships with different companies who give them money for the children. Without the help of the donors they wouldn’t have achieved all this. The children are also stakeholders, because the charity is founded for them. The charity is for children who needs help and that’s what they offer. The charity gives the children what they need. The Save the Children doesn’t just provide something, they want to help the children on long term so that they will have a better future. They also help the people who are involved with the children for example their parents or careers. They are also needed to help the children, because without their help the children won’t come further. The employees are also stake holders, because they help the foundation to turn around. The employees are the voluntaries and the people who has a full time job at the international or local Save the children. The jobs differs very much of each other. If you work at International Save the Children Alliance you do things like keep an eye on the money that they get and that the money will be good used. The employees at the local Save the Children can work with the children themselves or can lead a department. The voluntaries and employees deliver the service to the children in need. That part is being done with the employees or voluntaries. The suppliers also deliver the products that are need to help the children with their education, for example. The chairman of the local Save the Children has to look if the employees do their job well. The people who defend the rights of donors ensure that the money that they donate will end up where it belongs. The local and national communities are the individuals who support the foundation. If a business do something it will always affect a local or national community. The leaders of the local and national communities need to be there to protect their community against actions that can have dramatic effects. So n hey need to be aware of what businesses do, where and when, because they need to decide if it’s right or not. They help them raising money. The voluntary associations will help the voluntaries to achieve what they want. The governments helps the organization to achieve their goal through subsidies.
Conclusion
The agreement between the two contrasting types of business organization is that the New Look and the International Save the Children Alliance are both international, global organizations. The differences between the organizations is that the New Look is private and they are running for profit. The International Save the Children foundation has a lot of owners and they are not running for profit, they’re in a voluntary sector. The customers of New Look get a product and the customers of the International Save the Children foundation has to give money, but they don’t get something personal back. The employees are not very different, only the New Look doesn’t have voluntaries. The trade unions and employer associations are the same. The agreement between the local and national communities is that at both organizations the communities influence each other. At the International Save the Children the government helps them, but that doesn’t is that way at the New Look.
Sources list
BTEC Level 3 Business book 1
- Title: Unit 1 The business environment
- Author: Rob Dransfield
- Publisher: Pearson Education Limited
- Year: 2010
- ISBN: 978-1-846906-34-3